Wednesday, January 19, 2011

Fuel Rationing For Brits?

Brits Ponder Fuel Rationing

London during WWII

London during WWII

The last time the British government instituted a substantial rationing program was 1940—the Nazis had spread out across Europe and the continent was mobilizing for all-out war. The rationing program, which lasted until 1954, had a profound effect on the collective consciousness of the British public, and is largely remembered not as a time of deprivation but of plucky courage, solidarity and fortitude in the face of a dangerous adversary. So could rationing work again?

Today I attended the launch of a report commissioned by the British parliament that called for the rationing of fuel to help meet the government's carbon emission targets and prepare for future fossil fuel scarcity. The report called for an electronic trading system for energy quotas. Such a system is a long way from becoming law, but it raises an interesting debate about how to mobilize a population around the the fight to slow climate change.

Here's how a fuel rationing program in Britain could work. Under the system, energy credits called TEQs ("Tradeable Energy Quotas") would be distributed free to citizens. Citizens could then buy electricity and fuel as normal, but each time they would see their TEQ account discounted. Each TEQ credit would be worth 1 kg of CO2; so energy bought from renewable sources would discount very few TEQ credits, because such energy would have a low amount of emissions associated with it; fossil fuel-based energy, of course, would deplete TEQs very quickly.

Once their TEQ allotment was depleted, citizens who still wished to use fuel or electricity would have to buy surplus TEQs from people who had TEQs left over, perhaps because they had more energy efficient homes, or had invested in micro-renewables such as solar power panes for their home, or simply because they chose to live a low-carbon life-style. The scheme would probably involve credit cards having two numbers — one linked to the customer's bank account and another to their energy TEQs account. Business and governments would bid for energy units at a weekly tender.
(Click here for TIME's list of the top twenty clean tech ideas.)



Read more: http://ecocentric.blogs.time.com/2011/01/18/brits-ponder-fuel-rationing/#ixzz1BUQIfrWp

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