Dow Jones: The U.K.’s Environmental Audit Committee Monday said the government should increase its target to cut emissions to 42% from 34% below 1990 levels by 2020. “Setting a target of 42% now and moving to the intended budget should increase the long-term stability of the policy framework by removing any uncertainty about whether the higher target and budget might be imposed,” the committee said in a report published Monday. It added that the government should implement the new higher …