Friday, December 11, 2009

TEQs - Tradable Energy Quotas

TEQs - An effective and fair response to both climate change and resource depletion?

TEQs (Tradable Energy Quotas) would reduce our reliance on fossil fuels fast, guarantee that we meet our agreed emissions obligations and empower communities to address the challenges of our times, allowing us to move into a happier, thriving future.

All nations need to develop a common purpose in response to two problems. There is the climate problem: oil, gas and coal produce the greenhouse gases that are changing our climate. This is already killing many species and 150,000 people each year, and is only getting worse, with the potential to hit unstoppable runaway conditions within a decade.

And there is the supply problem: reserves of fossil fuels in the ground are being used-up rapidly; in the coming years, there will be deepening scarcities with profound economic, political and social impacts.

We therefore need to manage an energy-descent, cooperating in solutions and alternatives as we go, maintaining a fair distribution of the energy on which we all depend, and starting as soon as we can. We call this the transition to Lean Energy.

TEQs provides the framework that enables a nation to do this, ensuring fair access to energy for all. It supplies the incentive for citizens, organisations and Government to work now on achieving the necessary rapid transformation in the way we use fuel into the future, and it provides time to plan ahead. It empowers localities and individuals to be able to make a tangible difference. It is fair, simple and practical, and it gets results by uniting the nation in a common purpose.

This website, and the booklet Energy and the Common Purpose explain how.


To find out more, take a look at the brief summary, or for a comprehensive view of how the system works, explore our booklet Energy and the Common Purpose, now in a revised and expanded third edition.

You may also be interested to see the Parliamentary report on TEQs (Aug 2009), read more in our TEQs In Depth section, come to an event, or join the discussions in our TEQs forum (hosted by PowerSwitch).

For links to relevant documents, articles and the work of other organisations in this field see the TEQs links page.

Other names for Tradable Energy Quotas include: Domestic Tradable Quotas (DTQs), Personal Carbon Allowances (PCAs), Personal Carbon Trading, Carbon Quotas, Personal Carbon Rationing and Tradable Permits.

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