RSA’s Personal Carbon Trading US debut in the House

October 31, 2007 at 4:50 pm | Posted in Carbon Limited, Debut, House of Representatives, Personal Carbon Trading, RSA, US | Leave a comment

Personal Carbon Trading Makes U.S. Debut

RSA Introduces Innovative Idea to Fight Climate Change

WASHINGTON, Oct. 29 /PRNewswire-USNewswire/ — The RSA (Royal Society for the encouragement of Arts, Manufactures , and Commerce — http://www.theRSA.org) will introduce its innovative CarbonLimited program to the United States on November 1, 2007, 8.30am – 10am at the National Press Club in Washington DC.

Designed to help combat climate change, the CarbonLimited program (http://www.RSACarbonLimited.org) encourages individual citizens play a role in reducing the carbon emissions which increase global warming. Central to the RSA’s work in CarbonLimited is the concept of Personal Carbon Trading, a new perspective on the cap-and-trade carbon-emissions schemes which have been proposed, and in some countries instituted, at the national and corporate levels.

Personal Carbon Trading provides individuals with their own tax-free tradable personal carbon allowance. Individuals needing extra carbon credit can buy it from a personal carbon market, creating a financial incentive to reduce emissions.

A successful simulation of the process of Personal Carbon Trading took place in Manchester, UK, on September 20, 2007, and the US debut of the program will begin with a briefing before the Climate Change Committee of the US House of Representatives on October 31, 2007.

“We are increasingly convinced of the idea for personal carbon trading, having explored some of the economics and likely technology platforms, and our attention now turns to the development of a strong public conversation,” said Project Director Matt Prescott.

Combining international action with direct personal and social responsibility, CarbonLimited calls for a clear framework for shared rights and responsibility between government, business and citizens that will stimulate innovation and a sense of common purpose.

“The idea for personal carbon trading could help to develop a strong pro-social environmental agenda,” said Matthew Taylor, the CEO of the RSA and former Chief Political Strategist to Prime Minister Tony Blair.

The RSA is a society of leading professionals and practical thinkers dedicated to promoting social progress. Founded in London in 1754, it has 26,000 Fellows worldwide. Those Fellows develop and promote new and innovative ways for concerned citizens to make decisions that positively impact their local and global community.

The RSA has long been on the cutting edge of combating climate change, first offering a prize to its Fellows for reducing industrial smoke emissions in the year 1770.

SOURCE RSA

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