Tag: David Fleming

Tradable Energy Quotas – the magic route to degrowth and control of emissions

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In the face of an urgent need to reduce emissions, we are proposing a TEQ scheme replace the Emissions Trading Scheme. This article argues that price-based schemes to reduce emissions are unfair to the poor and are not working anywhere.

They must be replaced by a numbers-based scheme. And since the Government has recently reduced the excise tax on fuel, we must now decide the purpose and future of fuel excise taxes. Continue reading “Tradable Energy Quotas – the magic route to degrowth and control of emissions”

Government, you are going to have to make me reduce my emissions

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OK here is my mea culpa on climate action. I am guilty.

Yes, even though I have read a lot about climate change and the urgency of effective action and have been duly alarmed,  even though I am active in climate groups, even though I submitted to the Climate Commission, I still lapse. Continue reading “Government, you are going to have to make me reduce my emissions”

Why are TEQs better than Fee and Dividend or Cap and Trade?

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I am a recent convert to Tradable Energy Quotas (TEQs) invented by the late David Fleming in UK in 1996 for effective climate action. See Continue reading “Why are TEQs better than Fee and Dividend or Cap and Trade?”

Tradable Energy Quotas (TEQs) – Rationing that works

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Some years ago I read about Tradable Energy Quotas as a method of ensuring everyone has access by right to their fair share of fossil fuels yet their usage gradually declines.

The last week has seen flash floods in Greece, Southern Brazil, Bulgaria, Turkey, Hong Kong, Turkey, the Caribbean and Boston. Climate change is here with a vengeance.

Peter Victor in his 2023 book Escape from Overshoot says we now need to reduce emissions by 9.7% every year till 2030 in order to meet the Paris Agreement. So, aware that we were not going to make the necessary cuts to emissions in time to have a liveable climate, it’s certainly time to revisit the idea. Continue reading “Tradable Energy Quotas (TEQs) – Rationing that works”