Findings from the Government study into personal carbon trading were published by Defra today. The study indicates that personal carbon trading has potential to engage individuals in taking action to combat climate change, but is essentially ahead of its time and expected costs for implementation are high. The Government remains interested in the concept of personal carbon trading and, although it will not be continuing its research programme at this stage, it will monitor the wealth of research focusing on this area and may introduce personal carbon trading if the value of carbon savings and cost implications change. The review is part of the Government’s commitment to supporting individuals to reduce their carbon footprints and encouraging pro-environmental behaviour. It examines all aspects of personal carbon trading and evaluates it’s potential value for reducing individual CO2 emissions.

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9 May 2008
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