“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!
Nick Aster is a new media architect and the founder of TriplePundit.com
TriplePundit.com has grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.
Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for TreeHugger.com, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.
Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.
Follow Nick Aster @nickaster