Source: Telegraph
Lord Smith of Finsbury believes that implementing individual carbon allowances for every person will be the most effective way of meeting the targets for cutting greenhouse gas emissions.
It would involve people being issued with a unique number which they would hand over when purchasing products that contribute to their carbon footprint, such as fuel, airline tickets and electricity.
Like with a bank account, a statement would be sent out each month to help people keep track of what they are using.
If their "carbon account" hits zero, they would have to pay to get more credits.
Those who are frugal with their carbon usage will be able to sell their unused credits and make a profit.
Lord Smith will call for the scheme to be part of a "Green New Deal" to be introduced within 20 years when he addresses the agency's annual conference on Monday.
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