“Domestic Tradable Quotas” are a new idea being pondered in Europe to bring the general public into the emissions reduction and trading game. Imaging having a personal allowance of X tons of carbon. Then every time you buy something, that item’s carbon footprint is deducted from your account. If you end up with a negative account at the end of the year, you’ll have to pay a fee. If it’s positive, you can cash it in, like a sort of “Carbon Reward Card”. The collective allowance would be capped, and reduced annually, thus lowering climate impact. It might be quite expensive to implement. Would it work? Check this BBC article for more!
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