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Your Carbon Rations Card: U.K. Ponders Personal Cap-And-Trade System


First Posted: 07- 8-08 09:30 AM   |   Updated: 07-16-08 05:12 AM

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Carbon Rations
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Wall Street Journal:

While American politicians mull a carbon cap-and-trade system for industry, our British cousins are already contemplating the next step: personal CO2 rations.

A Parliamentary committee in May proposed giving all British adults "carbon allowances" that they would be required to spend - along with, you know, real money - when buying gasoline, airline tickets, electricity or natural gas. Britons who wanted more credits than they were issued could try to buy them - again, with real money - from those who hadn't spent their allotment. All of this is supposed to give people a financial incentive to reduce energy consumption and thus their carbon "footprint."

Read the whole story: Wall Street Journal

While American politicians mull a carbon cap-and-trade system for industry, our British cousins are already contemplating the next step: personal CO2 rations. A Parliamentary committee in May propose...
While American politicians mull a carbon cap-and-trade system for industry, our British cousins are already contemplating the next step: personal CO2 rations. A Parliamentary committee in May propose...
Filed by Dave Burdick  |  Report Corrections