Economy-wide versus sector-specific methods of cap-and-trade are controversial enough, but British politicians are advocating a more intimate way of controlling per capita emissions: personal carbon quotas.
Under the proposal, anytime one of the Queen's subjects wants to fill up their gas tank or buy a plane ticket, they would need to give up some of their allotted credits on the equivalent of a carbon debit card. And, if they run out before the year is through, they would have to buy more credits, just like private sector programs.
Like so many programs, this sounds good in theory, but we aren't sure how well people (British or otherwise) will handle their carbon credits. As the credit card industry has demonstrated, most of us don't exactly use our plastic in a realistic sustainable manner, and the British actually have the highest debt of any developed nation (for once we're relieved America isn't #1). Considering that British officials are trying to limit the consumption that leads to giant carbon footprints, we suggest they go back to the drawing board and find a less ironic method than the "buy now pay later!" image credit cards evoke.
Hi, you really should take a little time to understand the idea of Personal Carbon Trading properly instead of launching into a thoughtless dismissal. It has absolutely no conection with credit (other than the fact that every person is 'credited' with their personal ration of carbon - maybe the word credit should be replaced). It is not possible to go into the red. To use more than your personal allowance you have to pay for it there and then in hard cash. Everyone basically gets the same allowance each month. You buy the extra you need and sell the surplus. It rewards those with a carbon-lite lifestyle by charging the bill to those who are profligate. The only thing the government has to do is reduce the total issued each period and let the market do the rest, something I should have thought would appeal to free marketeers! Have a look at http://www.rsacarbonlimited.org/rss/default.aspa
and lets have a more considered response. All the best.
I think you're overestimating the time and effort Americans (I don't know enough about the British to comment on their spending habits beyond what I said in the post) put into their credit/banking. People are always overdrafting, carrying balances, and paying fees that they really have no idea what they are for. My point was that I see the proposed credit program as not doing enough to get people to consider their carbon footprint, but merely a tax on consumption.
Who cares if the average person understands the credits, if it reduces emissions (either through understanding or financial pressure) it's better than what's being done now (nothing).
This is no different than other aspects of life people seem baffled by (taxes, personal finance, budgeting, ...), those who understand it will benefit. You can't dumb down the world to the lowest common denominator.
But do you really think taxing people to death is the best way to get them to alter their behavior...or will it ultimately make them more resentful of the environmental movement in general.
There have to be more effective ways of addressing carbon consumption. Sure, the US government isn't taking any decisive action to reduce carbon emissions...but right now they don't have to, since the rising cost of oil is making "The American Way of Life" as prohibitively expensive as I'm sure a personal carbon quota was envisioned to act. I'll bet money that this year our emissions will be reduced by a greater percentage than in 2007 because we're in a (or are approaching) a recession. Is that really how you want our emissions to be reduced?
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