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”