ClimateGate news

Saturday, May 10, 2008

Reuters: Britain puts personal carbon trading plan on ice

It seems that the goal of reducing the Earth's temperature by a fraction of a degree in the next half century is getting off to a bit of a rocky start because, ahem, "it would be too expensive"

LONDON (Reuters) - The British government has shelved plans to get people to reduce their carbon footprint by allowing them to trade personal emissions permits because it would be too expensive and ambitious.

After studying ways of encouraging individuals to cut their CO2 emissions so they could sell their excess permits to those who exceed their carbon quota, the environment ministry has concluded it is not yet practical.

"Personal carbon trading has potential to engage individuals in taking action to combat climate change, but is essentially ahead of its time and expected costs for implementation are high," the ministry said Thursday.

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