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June 21, 2005
Kyoto = Energy Rationing
Let's give George W. Bush credit for one good thing he's done, namely, keeping us out of the horrific Kyoto Protocol. Otherwise, this might be in the offing for us, too:
British residents could face a form of energy rationing within the next decade under proposals currently being studied to reduce the U.K.'s carbon dioxide emissions to comply with the Kyoto Protocol.
Under the proposals, known as Domestic Tradable Quotas (DTQs), every individual would be issued a "carbon card," from which points would be deducted every time the cardholder purchased fossil fuel, for example, by filling up a car or taking a flight.
Over time, the number of points allotted to each card would decline. High-energy users would be able to purchase points from low-energy users, with the end result being a trading market in carbon similar to the one already in place in the U.K. for industrial users.
Yikes!
Posted by Mike Tennant at June 21, 2005 09:43 AM
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