All Party Parliamentary TEQs report – rationing, not carbon trading

by Shaun Chamberlin | Aug 14, 2009 | All Posts, Climate Change, Cultural stories, Favourite posts, Peak Oil, Politics, TEQs (Tradable Energy Quotas)

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.