Think about that. You like to drive, so you use up your carbon ration fuelling your Opel. Then you decide that you want to take your family on a holiday overseas. You would not only have to pay airfare, but you would first have to pop into the carbon market, and buy enough credits to pay for your jet fuel.
Under the scheme for "domestic tradeable quotas" (DTQs), or personal carbon allowances, presented to the Treasury this week, everyone - from the Queen to the poorest people living on state benefits - would have the same annual carbon allocation.
This would be contained electronically on a "ration card", which could be the proposed ID card or a "carbon card" based on supermarket loyalty cards.
It would have to be handed over every time a form of non-renewable energy was purchased - at the filling station, or when buying tickets for a flight - for points to be deducted.
It would certainly have the intended effect--people would be much more careful about how much energy they use. But why not just let the real markets work? When the markets think that oil is becoming scarce, the futures prices shoot up. Eventually, things cost more, and people use less.
Global warming? 1) Not proven to be due to human activity. 2) Will Britain invade China, India, and Brazil, and force them to join the carbon market?
(HT: Captain's Quarters)