Posted by: Jon | 24/01/2011

Tradable Energy Quotas – real green shoots for (carbon) recovery?

Last week, an important report on a simple, equitable and viable method of reducing the UK’s carbon emissions was launched at the UK’s Parliament.

Sadly, the remarkable architect of this carbon rationing scheme, Dr David Fleming, who had been working on it since 1996, died suddenly last year. But he would surely have been proud of the presentation made by his associate, Shaun Chamberlin, to the All Party Parliamentary Working Group on Peak Oil and of the enthusiastic endorsements provided by MP’s John Hemming and Caroline Lucas and energy consultant Jeremy Leggett.

If the UK is seriously to attempt to achieve the 80% target for carbon emissions cuts established in the Climate Change Bill and to address the imminent economic impacts of Peak Oil, then a scheme for personal carbon trading must be introduced now for implementation at the latest within four or five years.

The late Dr Fleming’s proposal for a system of personal and business Tradable Energy Quotas is a remarkably well constructed scheme that could be a game-changer in making carbon rationing publically acceptable and in paving the way for other industrialised countries to follow. It was first introduced to Parliament in 2004 when it attracted considerable interest but has since dropped from view. Hopefully the launch of this new report last week will gain wide traction amongst MPs and put the scheme firmly back on the Government agenda.

You can find out more about TEQs here and download the report and watch the Parliamentary launch here. A good short explanation of TEQs by Shaun and some interesting critical discussion of the scheme can be found here. For links to media coverage following the launch, click here


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: