A range of regulations and carbon trading schemes were emerging in Britain and the US, but rationing an individual's carbon use was one of the most interesting ideas, Mr Carr told a business conference in Sydney yesterday.
Speaking as chairman of an advisory council for think tank the Climate Institute, Mr Carr said the British Labour Government and the Conservative Party Opposition were taking the idea seriously. "Here is the most exciting concept. That is, the idea that every citizen be given a carbon credit," he told the Association of Chartered Certified Accountants.
"Every time you buy fuel at the garage or pay a gas or electricity bill or get on a plane, carbon will be deducted from your account.