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As a result, the direct policy implication is that provinces with high CO2 intensity should be assigned tougher reduction targets to cut CO2 intensity at higher speeds, while the provinces with low carbon intensity should be allowed to reduce the CO2 intensity at a relatively lower speed.
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Cate Lamb, head of the water programme at CDP, an investor-led data transparency organisation, cites the example of a chemical company that sets tough reduction targets for its water use but says nothing about water quality or contamination.
The Russell group of leading universities complains that its members face some of the toughest reductions, and may be forced to lay people off.
After delivering a speech at the Gastech conference in east London, in which he promised a golden future for gas-fired power generation in the UK as many as 20 new power stations to be built, he was whisked across the river to City Hall to extol the government's climate change policy, which he said included tougher carbon reduction targets for the EU.
"We will maintain a tough deficit reduction programme: there's no question about it.
The fact that this government will have to preside over the toughest deficit reduction spending round in decades makes this look even more likely.
The chancellor thought his tough deficit reduction plan would boost growth by generating more confidence in the private sector that the books were being balanced.
It also noted a return to central control of budgets from Westminster with funding decisions increasingly tied to tough cost reduction targets.
Osborne admitted that the darkening international economic outlook would have repercussions for the UK but insisted that he had no intention of amending his tough deficit reduction plans.
Campaigners for tougher emissions reductions said the saved-up allowances discredited the argument of some industries that much deeper cuts in future would be "fatal" because they could no longer afford to compete against rivals outside the EU.
There was definitely a sense in the second half of 2010 that the public blamed Gordon Brown for the necessity of George Osborne's tough deficit reduction measures, and the Cameron government played its hand adeptly.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com