Contraction and Convergence (viewed by Lloyds of London as "the best hope we have")
The first report examines our domestic potential to to reduce our carbon emissions to zero within 20 years. Named ZeroCarbonBritain, the report is a result of over a year's consolidated research by the Centre for Alternative Technology .
It sets out the policy drivers required to achieve zero carbon Britain by 2027, and presents the scenario for using only proven (renewable) technology. Quite simply, the technology already exists to make the UK carbon neutral (without the need to resort to nuclear), but what is required is political determination\and changes in the way we, as a society, view energy.
An ambitious, bold plan, but most importantly, it can be done. Here and now. Here's how:
3 steps are needed to achieve zero carbon Britain by 2027 -
1. policy implementation of Contraction & Convergence and the use of Tradable Energy Quotas (carbon credit cards)
2. powering down our fossil fuel use, and
3. powering up our use of renewable energy generation
Moreover, it's an equitable solution to climate change, energy security and global equity.
The essential policy driver needed is the implementation of Contraction and Convergence (viewed by Lloyds of London as "the best hope we have"), a co-ordinated plan to reduce carbon emissions by allocating a equal share per capita basis from a limited budget, as proposed by the Global Commons Institute .
C&C In a nutshell:
Contraction: An international cap on emissions is set for the next 20 years, the amount allocated annually reduced year on year until it reaches zero in 2027.
Convergence: Each nation receives receives a national share allocation which is then divided equally per person. Over the 20 years, the allocations are reduced to a point that everyone on the planet has an equal share.
These share allocations, called Tradable Energy Quotas? (TEQs) can be traded, bought and sold between individuals and businesses. Each year the cap on TEQs is reduced, so there are fewer to share, in line with the national budget. Gradually, individuals and companies would have to learn to make low and zero-carbon choices, due to the cost or inconvenience of doing otherwise. TEQs are tradable, and represent a source of income for cash poor households. Essentially carbon credits become a kind of parallel currency. Very quickly we would be scrapping the petrol engine, improving building standards, changing the way we produce and consume food and investing heavily in renewable energy. All it needs now is political backbone to make this a reality.
(NZ's signatary status to its international carbon trading commitments with GB, require us to examine what GB is doing.. how come they get to talk about C&C and we dont.? /Blair)