Imagine having your own annual greenhouse gas allowance which you ’spend’ each time you fill up with petrol or pay an electric or gas bill. It sounds like a scene from a futuristic movie, but this scenario could really happen in the next few years according to researchers at the UK’s Tyndall Centre for Climate Change Prediction.
Dr Kevin Anderson and Richard Starkey are investigating a system of personal trading for carbon emissions. Instead of people being forced to pay a carbon ’tax’, much as we have to pay income tax and council tax, we would each hold an allowance from which units would be deducted. Welcome to life under Domestic Tradable Quotas, or DTQs.
With DTQs, every adult in the UK would have an equal number of units and would be able to choose how they spend those units. If they are high users they would be able to buy any available surplus units from low users.
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