"To be truly radical is to make hope possible, rather than despair convincing." - Raymond Williams

All Party Parliamentary TEQs report – rationing, not carbon trading

by Shaun Chamberlin on August 14th, 2009

Market invisible hand

As the evidence for the utter inapplicability of free market carbon trading to our climate emergency continues to pile up, interest continues to grow in the less PR-friendly alternative – the rationing of carbon-rated energy.

Yesterday, the UK Government’s All Party Parliamentary Group on Peak Oil and Gas previewed a draft report commissioned from The Lean Economy Connection. The report, which I co-authored with Dr. David Fleming, emphasises the necessity of considering our pressing energy challenges alongside climate change, and argues that national energy rationing systems on the model of TEQs (Tradable Energy Quotas) will be essential to the fair distribution of fuel as shortages unfold, with implementation now an urgent priority for the UK.

John Hemming MP, Chairman of the All Party group, stated that the UK government remains unprepared for peak oil: “The evidence is now strong that peak oil is either upon us or just over the horizon. Even the International Energy Agency accepts that an oil supply crunch seems to be on its way. The UK government should urgently consider the TEQs system, as I believe it’s the only comprehensive and fair way to tackle climate change and the coming oil crisis.” Read more »

BBC – “MPs back personal carbon credits”

by Shaun Chamberlin on May 26th, 2008

BBC news

Today the UK Parliament’s Environmental Audit Committee (EAC), tasked with evaluating the Government’s environmental progress, published their report into Personal Carbon Trading, finding that “personal carbon trading could be essential in helping to reduce our national carbon footprint”.

They also state, in keeping with the conclusions of our own response to DEFRA’s pre-feasibility study: “We regret that…the Government is indicating that it will wind down its work on personal carbon trading…Although we commend the Government for its intention to maintain engagement in the academic debate, we urge it to do more…We would like to see the Government leading and shaping debate and co-ordinating activity and research.”

This report has led to a flurry of media interest. Read more »