Green power and personal carbon trading: Is voluntary action enough?

A post to the blog site this week suggested a discussion on green power. The topic is certainly in the news. In recent weeks the headlines have been full of reports on voluntary green-power and carbon-trading programs. US financial service company Wells Fargo, for instance, on October 3 made the largest-ever corporate purchase of renewable energy certificates with a deal to obtain 550 million kilowatt hours of RECs over the next three years. The RECs supplier, 3 Phases Energy, also arranged this month for Safeway, the California-based supermarket giant, to renew its purchase of 174 million kWh of wind energy, the largest wind power buy in the state’s history.
Across the Atlantic, the UK’s Royal Society of Arts is urging all UK members of Parliament to back its proposed country-wide personal carbon trading scheme, which could grant UK citizens a free allocation of carbon allowances which they can trade in [...]

Original post by The Heritage Foundation – 2006-06-12

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