The per capita parliament
According to today’s FT, the EU parliament is to endorse per capita shares of carbon emissions:
The European parliament is expected on Monday to endorse a plan to allocate carbon permits on a per capita basis after the Kyoto protocol expires in 2012.
The plan would allow global trading of emissions rights along the lines of the internal cap and trade scheme established by the EU in 2005. The Kyoto protocol excluded developing countries and Vittorio Prodi, an MEP, says global trading would give them an incentive to join a successor.
“This is an idea that would get developing and developed countries involved. It would be very good for Africa, which would receive a sum bigger than their development aid [by selling permits],” Mr Prodi told the FT
