A Policy Framework for Peak Oil and Climate Change
TEQs is an electronic system that would guarantee that a nation meets its emissions reductions targets, ensure fair access to energy for all, and support the active participation and cooperation of citizens and all other energy users in rapidly reducing our reliance on fossil fuels.
Explore the menu on the left for all you might want to know about TEQs, to download or buy a copy of the UK All Party Parliamentary report, or to get up-to-speed with the latest news and developments.
John Hemming MPWe urgently need to have a system in place to mitigate the economic and social consequences of peak oil. I believe TEQs provide the fairest and most productive way to deal with the oil crisis and to simultaneously guarantee reductions in fossil fuel use to meet climate change targets.
John Hemming MP, Chairman, All Party Parliamentary Group on Peak Oil
Tim Yeo MPWhilst I am less convinced than some people about the imminence of peak oil I firmly believe, regardless of this, that tradable personal carbon allowances could make a big contribution to reducing energy consumption and therefore carbon emissions in Britain. I also believe that it is extremely urgent for Britain, and all developed countries, to move away from a fossil fuel-based economy as quickly as possible.
Tim Yeo MP, Chairman, House of Commons Energy and Climate Change Select Committee
Caroline Lucas MPTEQs have long been Green Party policy, as we believe that we need a fair and transparent system to reduce energy demand and give each person a direct connection to the carbon emissions associated with their lifestyle. The TEQs scheme would guarantee that the UK's targeted carbon reductions are actually achieved, while ensuring fair shares of available energy.
Caroline Lucas MP, Leader of the Green Party
Lord Smith of FinsburyRationing is the fairest and most effective way of meeting Britain's legally binding targets for cutting greenhouse gas emissions.
Lord Smith of Finsbury, Chairman, Environment Agency
Colin ChallenA concept of brilliant simplicity, offering a predictable and orderly reduction of greenhouse gas emissions year-on-year, with flexibility in an enclosed system, independent of taxation and providing complete transparency between goals and delivery.
Colin Challen, Founder Chairman, All Party Parliamentary Group on Climate Change
Jeremy LeggettWhat I like about TEQs is the fairness of it. When the energy crunch hits us, it will behove government and industry to ensure equitable access to available energy, within a national budget. TEQs is a route to synergistic efforts of the kind we will need if we are to mobilise the infrastructure of a zero-carbon future fast, under pressure. It would increase the chances of working our way through the grim times to renaissance-through-resilience.
Jeremy Leggett, author, and Chairman of Solarcentury - a member company of the UK Industry Taskforce on Peak Oil & Energy Security
Jonathon PorrittThis eloquently presented proposal merits very serious consideration by all political parties. There remains an undeniable gap between the current policy mix and what we actually need to do urgently both to reduce emissions of greenhouse gases and to avoid the potentially devastating consequences of declining fossil fuels. TEQs offer significant policy advantages in addressing both those pressing imperatives.
Sir Jonathon Porritt, Founder Director, Forum for the Future
Shaun ChamberlinThe Government pre-feasibility study into TEQs in 2008 described the scheme as "ahead of its time", but pledged to consider implementation if further research changed the likely cost or value of carbon savings. This new report demonstrates conclusively that this condition has now been met, drawing on work by the Institute for Public Policy Research, the Centre for Sustainable Energy and the House of Commons Environmental Audit Committee.
Shaun Chamberlin, author of The Transition Timeline, and Managing Director of The Fleming Policy Centre
Rob HopkinsA watertight proposal that deserves to be spread as widely as possible, as it is an idea of its time. Take the time to read and understand this mechanism thoroughly. New situations require fresh thinking.
Rob Hopkins, Founder of the Transition Towns movement
David FlemingLarge-scale problems do not require large-scale solutions. They require small-scale solutions within a large-scale framework.
David Fleming (1940-2010), Inventor of TEQs