trac car and rsa carbon

Personal Carbon Trading and Personal Carbon Trading and Road PricingRoad Pricing

Illustration: David Rowe

Monday 10 April 2023

Road Pricing & Personal Carbon Emissions Trading

Personal Carbon Personal Carbon Trading and Road Trading and Road PricingPricing Matt Prescott RSA Carbon LondonMatt Prescott RSA Carbon London

Nya Murray Trac-Car LondonNya Murray Trac-Car London

London, April 2008London, April 2008

www.the .org/carbon

Matt Prescott, project director

This 3 year project, Jan 06 to Dec 08, is exploring the idea for a system of personal carbon trading.

To do this, it is:

Building support for the principle of an equal allocation of emissions rights

Researching and developing the design of a personal carbon trading scheme

Catalysing group activities and implementing voluntary carbon trading networks

CarbonLimited

A policy option for engaging citizens in reducing carbon emissions

Applies the concept of a ‘cap and trade’ emissions trading to the level of the individual, creating an effective limit to the total volume of personal emissions permitted

Utilises emissions trading principles to create a financial incentive for individuals to reduce their carbon footprint

It could be deployed in tandem with upstream trading and other policy interventions

What is personal carbon trading?

Problem There’s a limit

The sky’s the limit ??

Solutions Familiar

Solutions gathering pace

The right consumer choice made easy

But what’s the point?

“It’s hard to make a difference with a

few light bulbs…”

RSA fellow survey October 2006

What is the problem?

Our contribution Increasing

Getting it wrong Tempting

Being normal

It often pays to consume more

Get for polluting less

Climate aware with every swipe

Where does citizen responsibility end?

Personal carbon trading

Other policy interventions

Direct use of energy

Heating your home

Lighting your home

Private vehicle use

Air travel?

Indirect use of energy

Public transport journeys?

Food

Clothing

Consumer goods

Why does the RSA find the idea interesting?

When compared to tax or upstream trading:

• Tangible

• Educational

• Empowering

• Equitable

• Progressive

Allows for personal choices on how to spend personal carbon emissions

Encourages a decarbonised supply chain

Local climate and energy solutions popular

Many see the value in trading within communities of interest

Energy Services model could apply

Potential for fuel security improvements

Local and community cohesiveness and creativity

What basic design of personal carbon trading will both (i) address the core principles (ii) be practical in terms of delivery and acceptability?

How could a scheme design overcome equity, privacy and other social impact concerns? How could it be advantageous in these respects?

What would be its likely fit into the current and planned mix of policy instruments and how would it compare in efficiency terms?

How would a basic scheme be received and understood by the public and how should the debate be presented and scheme communicated?

What practical steps are needed to take forward the idea and what does a realistic timeline look like for different stages of implementation? Which sectors are the main delivery stakeholders?

Headline questions

Carbon credits could be saved …by switching to these…

by not doing so much of this…

by doing more of this…

policy experiment

Trading creates an incentive for participants

The lower your footprint, the more carbon credit you can sell, which could mean:

1 being paid for your efforts to cut emissions, or participation in a virtual policy experiment

2 gaining more voting rights to secure funds for projects you want to support

3 receiving annual leave, entry into prize competitions or other incentives

policy experiment

www.the .org/carbon

Presentation



Matt Prescott RSA Carbon LondonMatt Prescott RSA Carbon London

Nya Murray Trac-Car LondonNya Murray Trac-Car London

VisionVision

To regulate urban road usage by pay-per-drive To regulate urban road usage by pay-per-drive To reduce personal vehicle carbon emissionsTo reduce personal vehicle carbon emissions To enable people to deal on global carbon trading marketsTo enable people to deal on global carbon trading markets To improve quality of environmentTo improve quality of environment

Presentation



GoalsGoals

Accurate carbon emission measurementsAccurate carbon emission measurements People awarded carbon credits which they can trade or sellPeople awarded carbon credits which they can trade or sell Incentives for lower carbon emissions from vehiclesIncentives for lower carbon emissions from vehicles The road is once more pleasure, not painThe road is once more pleasure, not pain

Presentation



Modus Modus OperandiOperandi

Track and play vehicle journeys Track and play vehicle journeys

Monitor/calculate personal carbon emissions Monitor/calculate personal carbon emissions

Administer carbon creditsAdminister carbon credits

Send traffic information/alerts in real-time Send traffic information/alerts in real-time

Change charging zone boundary at willChange charging zone boundary at will

Presentation



Can DoCan Do

Complete road pricing architectureComplete road pricing architecture

Device/network prototype (with QA/testing)Device/network prototype (with QA/testing)

Pilot: manageable vehicle sample LondonPilot: manageable vehicle sample London

Phased deployment with early Return-On-InvestmentPhased deployment with early Return-On-Investment

Presentation



Global Global BenefitsBenefits

High-profile public lead in carbon emission reduction

Global carbon trading market participation

Real-time traffic information based on real data

Community pays model for carbon vehicle emissions

Discount incentive for low carbon-emitting vehicles

Presentation



Legend

Traffic Count Map

Local Local BenefitsBenefits Real carbon emission measurements for vehicle usageReal carbon emission measurements for vehicle usage

Personal carbon credit accountsPersonal carbon credit accounts

Web journey replaysWeb journey replays

Partner access to SatNav and Location Based Information Partner access to SatNav and Location Based Information

Participation in environmentally-positive initiativeParticipation in environmentally-positive initiative

Presentation



Partnership Partnership Anyone?Anyone?

Help to adopt carbon emission vehicle trackingHelp to adopt carbon emission vehicle tracking

Promote global liaison across relevant authoritiesPromote global liaison across relevant authorities

Engage in-vehicle device trials for carbon measurementsEngage in-vehicle device trials for carbon measurements

Help engage in public information campaignsHelp engage in public information campaigns

Presentation



Business Partners

Corporate Customers

Bearer servicesGPS/Galileo

satellites

End-Users

Data Centre

RSA Carbon

Trac-Car

Presentation



Presentation



Contact DetailsContact Details

Matt Prescott RSA Carbon LondonMatt Prescott RSA Carbon London www.rsacarbonlimited.orgwww.rsacarbonlimited.org

Email: Email: [email protected]

Phone: Phone: +44 (0)20 7451 6935+44 (0)20 7451 6935

Nya Murray Trac-Car LondonNya Murray Trac-Car Londonwww.trac-car.comwww.trac-car.com

Email: Email: [email protected]

Phone: Phone: +44 (0)20 8133 9249+44 (0)20 8133 9249

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