He cited the following options to cut emissions:
* Improved energy efficiency by insulation, power saving and new technology in buildings and industry.
* An increase in renewables and replacing existing fossil fuel power stations with "clean technologies" like nuclear and coal connected to carbon capture storage.
* Cutting emissions from fuel by hybrid engines, biofuels and electric cars.
* Improved efficiency in heating by combined heat and power stations, ground source heat pumps and use of biomass in boilers.
* Reducing carbon produced by heavy industry such as steel and cement through new technologies.
Lord Turner said: "We have the potential to reduce our emissions by 80 per cent or more by using energy far more efficiently, by investing in developing new energy sources and by making relatively minor lifestyle changes."
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