 The British government has shelved plans to get people to reduce
their carbon footprint by allowing them to trade personal emissions
permits because it would be too expensive and ambitious.
After studying ways of encouraging individuals to cut their CO2
emissions so they could sell their excess permits to those who exceed
their carbon quota, the environment ministry has concluded it is not
yet practical.
"Personal carbon trading has potential to engage individuals in
taking action to combat climate change, but is essentially ahead of its
time and expected costs for implementation are high," the ministry said
Thursday.
The idea for personal CO2 trading is taken from the European
Emissions Trading Scheme (ETS), which forces big industrial emitters of
the gas that causes global warming to clean up their act or buy permits
from companies that have.
The ETS makes being green profitable and polluting more costly for
business but does nothing to encourage more than 60 million people
living in Britain to do anything about it, despite being responsible
for a large chunk of Britain's total emissions. Source
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