Tradable Energy Quotas

TEQs (Tradable Energy Quotas) is a proposal for a national emissions and energy trading scheme that includes personal carbon trading as a central element. It is the subject of significant interest from the UK Government, and is explicitly designed to address both climate change and peak oil.

The scheme was originally known as DTQs (Domestic Tradable Quotas). This was later changed to TEQs (Tradable Energy Quotas) due to confusion caused by the word "domestic" in the original title. While intended to distinguish the scheme from international trading schemes, it was sometimes misinterpreted to imply that the scheme covered only household emissions, rather than the entire national economy.

David Fleming first published on the TEQs model in June 1996 (although at this time he used the name DTQs - Domestic Tradable Quotas). This was followed by discussion papers, a journal publication and a series of presentations to Governmental organisations and NGOs. Working with Richard Starkey of the Tyndall Centre for Climate Change Research, Fleming was eventually invited to give evidence to the House of Lords Select Committee on Science and Technology, and this was followed by a Ten Minute Rule Bill, presented to Parliament by Colin Challen MP on July 7, 2004.

After its mention in the UK Parliament, TEQs became widely studied by research centres internationally, including the Environmental Change Institute (Oxford University), the Natural Environment Research Council, the Royal Society for the encouragement of Arts, Manufactures & Commerce and the Institute for Public Policy Research, among others. A number of academic papers were produced, followed by Mayer Hillman's book How We Can Save The Planet.

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