Tradable Energy Quotas (TEQs)

Looking forward it is clear that the business-as-usual energy policy is “not fit for purpose”. The current system is proving itself inadequate when faced with twin challenges of fossil fuel depletion and climate change. The energy markets are likely to respond to future shortages with profiteering, grossly inequitable allocation and globally destabilising financial flows.

A rationing system is required which can both facilitate equitable allocation of the diminishing resource whilst simultaneously reducing the carbon dioxide released.
Formulated by Dr David Fleming and first published in 1996 as Domestic Tradable Quotas (DTQs), Tradable Energy Quotas known as TEQs (pronounced “tex”) are just such a system. TEQs are an electronic rationing system that includes everyone, bringing citizens, industry and Government together in a single scheme with a common purpose. The structure of this scheme is detailed in Fleming’s excellent short book (available at www.teqs.net) detailed below.

Below is an overview of TEQs written for TOD by David Fleming, he will be reading your comments.

Tradable Energy Quotas (TEQs)