Personal Carbon Trading: a critical examination of proposals for the UK
Gill Seyfang*, Irene Lorenzoni and Michael NyeSchool of Environmental SciencesUniversity of East Anglia Norwich NR4 7TJ, UK *Corresponding author:email@example.com Tel: +44(0)1603 592956Fax: +44(0)1603 393739
To effectively mitigate climate change in the long-term, capping carbon dioxide emissions atthe individual level has been proposed. Known as personal carbon allowances, these would bedecreased year-on-year. Trading in personal carbon allowances would be encouraged, as ameans to effectively and equitably reduce emissions overall. This conceptual paper aims tocritically examine personal carbon trading (PCT) by questioning the assumptions underlyingthis proposal and identifying the gaps in current thinking. The paper first discusses the originsand development of the PCT ideas, identifies key players and proponents of the proposals,and examines their economic bases. Lessons from several related areas of experience (the EUEmissions Trading System, voluntary Carbon Rationing Action Groups, and ComplementaryCurrencies) are used to examine likely success factors and inform future policy andimplementation of PCT. A set of four critical issues are identified, which straddle political,social, economic, environmental, cultural and ethical domains, and which demand greater attention before the PCT idea can be progressed.
Personal carbon allowances, policy, climate change, mitigation, carbon management, trading.