ENERGY RATIONING RECOMMENDED
(Published 04 February 2011)
For most people the idea of rationing is one that sits very firmly in the past, not fitting in with the ‘on demand’ lifestyles that are commonplace in 2011.
Now a new White Paper commissioned by the All Parliamentary Group on Peak Oil, has called for a system of Tradeable Emissions Quotas (TEQs), which would see all adults in the UK allocated with credits for energy and petrol.
Any credits that a person didn't use could be sold, while on the other hand those who needed more TEQs would be able to purchase them.
Supporters of the report believe the system of TEQs will help the UK meet its target of cutting carbon emissions by 80 per cent by the year 2050, while ensuring that everyone is given fair access to energy supplies.
Shaun Chamberlin, director of the Lean Economy Connection and co-author of the report, described the TEQs as the "only fair way" these goals can be achieved. He commented:
"It is essential that we prepare now to mitigate the energy shortages of the future... This is also an alternative to carbon taxation; we are in difficult times, and we should not take money away from people when they need it the most."
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