| Carbon Trading - The Future |
 While
in office, UK Secretary of State for the Environment, David Miliband, has supported ideas that could see each household allocated
yearly carbon permits. |
| Domestic Carbon Trading - how would it work? |
| The ambitious plans for domestic carbon trading would see carbon rationing being introduced for every household in the UK. Utilising the latest in smart credit cards, the energy use of each property would be recorded and compared with the allocated number of carbon permits for the year. |
 If
a household is emitting more CO2 than permitted by the allocated
carbon permits, it would have to buy additional permits from
another household with permits to sell.
|
 Alternatively, the household could consider reducing its carbon emissions by selling their SUV car or travel less by plane. In this case the household may end up having carbon permits to sell on the ETS and pocket the profit from having made improvements to their lifestyle that saves carbon dioxide, which would be good for the environment and the planet. |