Fuel rationing may be needed by 2020 in the U.K. to meet the government’s carbon emission targets, a panel of lawmakers said, suggesting an electronic trading system for energy quotas.
Under the system, called Tradable Energy Quotas, or TEQs, energy credits would be distributed free to every adult, who could then buy and sell surplus units, the London-based research group The Lean Economy Connection said today in a report commissioned by the All Party Parliamentary Group on Peak Oil. The multi-party panel of lawmakers looks at the impacts of declining fossil-fuel production.
