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TEQs (Tradable Energy Quotas) Getting real in a resource-challenged Europe by Shaun Chamberlin Managing Director EEB Annual Conference Brussels, 18 th October 2013. What is TEQs?. T radable E nergy Q uota s is an electronic system for capping (carbon-rated) energy use. ,.

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What is teqs

TEQs(Tradable Energy Quotas)Getting real in a resource-challenged Europe byShaun ChamberlinManaging DirectorEEB Annual ConferenceBrussels, 18th October 2013


What is teqs
What is TEQs?

Tradable Energy Quotas is

an electronic system for capping (carbon-rated) energy use

,

at national level

,

for all energy users.


What is teqs

To purchase any fuel or energy, TEQs units must be surrendered alongside cash payment.

All individual citizens receive an unconditional free Entitlement of TEQs units.

Other energy users obtain their units through the weekly Tender (auction).

Citizens who use less than their Entitlement may sell them and benefit from their energy-thrift.

Those who want or need more may buy them from those who are selling.


What teqs could achieve
What TEQs could achieve surrendered alongside cash payment.


What teqs could achieve1
What TEQs could achieve surrendered alongside cash payment.


What teqs could achieve2
What TEQs could achieve surrendered alongside cash payment.


What teqs could achieve3
What TEQs could achieve surrendered alongside cash payment.


What teqs could achieve4
What TEQs could achieve surrendered alongside cash payment.


What teqs could achieve5
What TEQs could achieve surrendered alongside cash payment.


What teqs could achieve6
What TEQs could achieve surrendered alongside cash payment.


What is teqs

www.teqs.net surrendered alongside cash payment.

www.ceeweb.org/rcc

An equitable, effective and efficient environmental policy framework – guaranteeingemissions reductions, stimulating confidence and innovation and defending Europe’s access to fuel and energy.


Uk political progress
UK Political progress surrendered alongside cash payment.

First published 1996

Ten Minute Rule Bill 2004

Government funded research 2006

Pre-feasibility study 2008 (‘international abatement’)

Env. Audit Committee (+ IPPR/CSE) report

All Party Parliamentary Report (media/endorsements)


What is teqs

QuotaCo surrendered alongside cash payment.REGISTRAR

ISSUE

SURRENDER

Fuel extractors

CARBON

60% Tender

40% Entitlement

BUDGET

Fuel wholesalers/ electricity generators

MARKET

Primarydealers

COMMITTEE ON CLIMATE CHANGE

Citizens

Fuel/electricity retailers

Organisations

£

UNITS FLOW THROUGH THE ENERGY CYCLE

Tradable Energy Quotas


What is teqs

CARBON surrendered alongside cash payment.

BUDGET

COMMITTEE ON CLIMATE CHANGE

Tradable Energy Quotas


The carbon budget
THE CARBON BUDGET surrendered alongside cash payment.

1. Establishes the total quantity of TEQs units (rations) that may be issued

2. Guarantee = long-term confidence


What is teqs

QuotaCo surrendered alongside cash payment.REGISTRAR

CARBON

BUDGET

COMMITTEE ON CLIMATE CHANGE

Tradable Energy Quotas


What is teqs

QuotaCo surrendered alongside cash payment.REGISTRAR

ISSUE

CARBON

60% Tender

40% Entitlement

BUDGET

COMMITTEE ON CLIMATE CHANGE

Tradable Energy Quotas


The issue of units
THE ISSUE OF UNITS surrendered alongside cash payment.

  • By equal Entitlement to all adults (40%)

  • By Tender to all other users (60%)

The Tender is a weekly auction at which organisations (industry, government etc.) purchase the TEQs units they need


The rating system
THE RATING SYSTEM surrendered alongside cash payment.

Carbon units:

(all fuel rated by carbon content)

1 unit = 1kg CO2 (or equivalent gwp)

OR

Fuel units:

1 unit = 1 litre oil

1 unit = 1 metre3 gas

1 unit = 1 kWh electricity (etc)

(So renewables require almost no TEQs units)

(No need for exhaust pipe measurements

or carbon labelling)


What is teqs

QuotaCo surrendered alongside cash payment.REGISTRAR

ISSUE

CARBON

60% Tender

40% Entitlement

BUDGET

MARKET

Primarydealers

COMMITTEE ON CLIMATE CHANGE

Citizens

Organisations

Tradable Energy Quotas


The market for units
THE MARKET FOR UNITS surrendered alongside cash payment.

Everyone has access to the same market.

The national market price is set by the Tender.

Buying and selling as simple as Oyster or mobile phone credit


What is teqs

QuotaCo surrendered alongside cash payment.REGISTRAR

ISSUE

CARBON

60% Tender

40% Entitlement

BUDGET

MARKET

Primarydealers

COMMITTEE ON CLIMATE CHANGE

Citizens

Organisations

£

Tradable Energy Quotas


What is teqs

QuotaCo surrendered alongside cash payment.REGISTRAR

ISSUE

CARBON

60% Tender

40% Entitlement

BUDGET

MARKET

Primarydealers

COMMITTEE ON CLIMATE CHANGE

Citizens

Organisations

£

UNITS FLOW THROUGH THE ENERGY CYCLE

Tradable Energy Quotas


What is teqs

QuotaCo surrendered alongside cash payment.REGISTRAR

ISSUE

SURRENDER

Extractors/importers

CARBON

60% Tender

40% Entitlement

BUDGET

Fuel wholesalers/ electricity generators

MARKET

Primarydealers

COMMITTEE ON CLIMATE CHANGE

Citizens

Fuel/electricity retailers

Organisations

£

UNITS FLOW THROUGH THE ENERGY CYCLE

Tradable Energy Quotas


The surrender of units
THE SURRENDER OF UNITS surrendered alongside cash payment.

A hands-free scheme

  • Utility bills: direct debit (8 times a yr)

  • Petrol: by card (20 times a yr)

  • The cash option

    Embodied energy in other goods

    No need to measure emissions


What is teqs

QuotaCo surrendered alongside cash payment.REGISTRAR

ISSUE

SURRENDER

Extractors /importers

CARBON

60% Tender

40% Entitlement

BUDGET

Fuel wholesalers/ electricity generators

MARKET

Primarydealers

COMMITTEE ON CLIMATE CHANGE

Citizens

Fuel/electricity retailers

Organisations

£

UNITS FLOW THROUGH THE ENERGY CYCLE

Tradable Energy Quotas


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