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The current emissions reduction target has widely been considered to be too weak.
Australia has just announced its emissions reduction target before climate talks in Paris later this year.
In 2009, 77% of FTSE 100 companies reported having an emissions reduction target.
For the UK, achieving an ambitious EU emissions reduction target remains our key objective.
This is consistent with a least-cost approach to the UK's binding 2050 emissions reduction target".
In 2014 over 80% of the world's 500 largest companies reported having an emissions reduction target.
Australia's environment minister, Greg Hunt, has compared Australia's emissions reduction target favourably with China's.
This exceeds its Kyoto emissions reduction target by tens of millions of tons.
The European Union has already endorsed a binding 40% greenhouse gas emissions reduction target by 2030.
It is also waiting to see what the government announces as Australia's post-2020 emissions reduction target.
It also missed its carbon emissions reduction target (Cert), designed to help reduce carbon emissions in domestic properties.
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