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”