Domestic Tradable Quotas are in effect personal allowances to pollute.
In Europe, about 12,000 big companies and institutions already have such allowances, regulated by the EU’s Emissions Trading Scheme (ETS).
Pollution has become a commodity with a price determined by the market, which will ensure that emissions are cut in as cost-effective a manner as possible.
DTQs would simply extend this concept to the public.
Technorati tag: Carbon trading