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PaulS's picture

TEQ (Tradable Energy Quota)

Welcome to TEQs, an effective and fair response to both climate change and resource depletion

TEQs (Tradable Energy Quotas) would reduce our reliance on fossil fuels fast, guarantee that we meet our agreed emissions obligations and empower communities to address the challenges of our times, allowing us to move into a happier, thriving future.

We need to develop a common purpose in response to two problems. There is the climate problem: oil, gas and coal produce the greenhouse gases that are changing our climate. This is already killing many species and 150,000 people each year, and is only getting worse.

And there is the supply problem: reserves of fossil fuels in the ground are being used-up rapidly; in the coming years, there will be deepening scarcities with profound economic, political and social impacts.

We therefore need to manage an energy-descent, cooperating in solutions and alternatives as we go, maintaining a fair distribution of the energy on which we all depend, and starting as soon as we can.

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