07/16/2008 05:12 am ET | Updated May 25, 2011

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

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."

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