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[admin]

This subforum is for the specific discussion of all aspects of Tradeable Energy Quotas.

TEQs in Brief
1. ?Tradable Energy Quotas? (TEQs) is a system to enable nations to reduce their emissions of greenhouse gases along with their use of oil, gas and coal, and to ensure fair access to energy for all.

2. There are two reasons why energy-rationing may be needed:
1. Climate change: to reduce the greenhouse gases released into the air when oil, gas and coal are used.

2. Energy supply: to maintain a fair distribution of oil, gas and electric power during shortages.

3. TEQs (pronounced ?tex?) are measured in units.

4. Every adult is given an equal free Entitlement of TEQs units. Industry and Government bid for their units at a weekly Tender.

5. At the start of the scheme, a full year's supply of units is placed on the market. Then, every week, the number of units in the market is topped up with a week's supply.

6. If you use less than your Entitlement of units, you can sell your surplus. If you need more, you can buy them.

7. All fuels (and electricity) carry a ?rating? in units; one unit represents one kilogram of carbon dioxide, or the equivalent in other greenhouse gases, released when the fuel is used.

8. When you buy energy, such as petrol for your car or electricity for your household, units corresponding to the amount of energy you have bought are deducted from your TEQs account, in addition to your money payment. TEQs transactions are automatic, using credit-card or (more usually) direct-debit technology.

9. The number of units available on the market is set out in the TEQs Budget, which looks 20 years ahead. The size of the Budget goes down year-by-year ? step-by-step, like a staircase.

10. The Budget is set by the Energy Policy Committee, which is independent of the Government.

11. The Government is itself bound by the scheme; its role is to find ways of living within it, and to help the rest of us to do so.

12. TEQs are a national scheme, enabling nations to keep their promises on the reduction of carbon emissions, within whatever international framework applies at the time.

To find out more download the free 49 page booklet, Energy and the Common Purpose; now on its updated and improved 2nd edition. If you would prefer a printed copy please click on Buy the Booklet.

Original Source : http://www.teqs.net/summary.htm

[clv101]

David Fleming wrote a brief introduction for The Oil Drum last year:

http://www.theoildrum.com/story/2006/8/4/163554/8625
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[Adam1]

The link for the summary page referred to above is:

http://www.teqs.net/summary.html

otherwise the whole booklet, which was last updated in Sept 2007, can be downloaded here:

http://www.theleaneconomyconnection.net/downloads.html#TEQs
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"The greatest shortcoming of the human race (still) is our inability to understand the exponential function."

[Shaun Chamberlin]

An updated and clarified ten-point summary of TEQs was prepared for the launch of the 2011 All Party Parliamentary report (http://teqs.net/report/summary/):

1. TEQs (Tradable Energy Quotas) is an electronic energy rationing system designed to be implemented at the national scale.

2. There are two reasons why such a scheme may be needed:

Climate change: to guarantee achieving national carbon reduction targets.
Energy supply: to maintain a fair distribution of fuel and electricity during shortages.

3. TEQs (pronounced “tex”) are measured in units.

4. Every adult is given an equal free Entitlement of TEQs units each week. Other energy users (Government, industry etc.) bid for their units at a weekly Tender, or auction.

5. If you use less than your Entitlement of units, you can sell your surplus. If you need more, you can buy them. All trading takes place at a single national price, which will rise and fall in line with demand. Buying and selling would be as easy as topping up an Oyster card or mobile phone.

6. All fuels (and electricity) carry a “carbon rating” in units; one unit represents one kilogram of carbon dioxide – or the equivalent in other greenhouse gases – released in the fuel’s production and use.

7. When you buy energy, such as petrol for your car or electricity for your household, units corresponding to the amount of energy you have bought are deducted from your TEQs account, in addition to your money payment. TEQs transactions are generally automatic, using credit-card or (more usually) direct-debit technology.

8. The total number of units available in the country is set out in the TEQs Budget. The size of the Budget goes down year-by-year – step-by-step, like a staircase.

9. The Budget is set by the Committee on Climate Change, which is independent of the Government. The Government is itself bound by the TEQs scheme; its role is to support the country in thriving on the available carbon/energy.

10. Since the national TEQs price is determined by national demand, it is transparently in everyone’s interest to help each other to reduce their energy demand, and to work together, encouraging a national sense of common purpose.

Perhaps the forum admins could move this to the top of this "sticky" topic?

[emordnilap]

Shaun

What's your thoughts on the current development of the Cap&Share system, which seems to be preferred in Ireland?
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"Buddhists say we come back as animals and they refer to them as lesser beings. Well, animals aren’t lesser beings, they’re just like us. So I say fụck the Buddhists" - Bjork

[stumuzz]

TEQ'S= Tax on production=more expensive basic commodities= even poorer poor people=dodging the real moral question of land tax and private property rights=fudging the issue=means it will never happen.

Fits, green deal,wrap,cca,iso14001,crc,fe,eia,eim etc are all pragmatic schemes working today to achieve the aims of lowering carbon emissions and reducing reliance on fossil fuels.

However, these schemes are all voluntary. They are not orders backed by threats like the Teq's

[JohnB]

The Daily Express and its readers don't seem very impressed.

[clv101]

TEQs report on The Oil Drum today:
http://www.theoildrum.com/node/7380
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[Shaun Chamberlin]

[Shaun Chamberlin]

[emordnilap]

[Shaun Chamberlin]