All Party Parliamentary TEQs report launch

All Party Parliamentary TEQs report launch

What a week – Tuesday’s launch of the All Party Parliamentary Group on Peak Oil’s report into TEQs was a tremendous success, with excellent media coverage, including Time magazine, The Sunday Times, Bloomberg News, the BBC, the Financial Times and many others (linked article list). The only problem has been that the degree of interest has been such that I haven’t found a moment to write anything here – although I have been Tweeting, I feel as though I’m the last to cover it!

A fuller, more thoughtful piece may follow when time allows, but for now take a look at the videos from the event (Caroline Lucas MP, John Hemming MP, Jeremy Leggett and me), the various blogs that are discussing the implications, and of course the report itself.

All Party Parliamentary TEQs report – rationing, not carbon trading

All Party Parliamentary TEQs report – rationing, not carbon trading

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.