Tradeable Energy Quotas

Tradable Energy Quotas (TEQs) are a system for rationing emissions which includes everyone – individuals, industry and the Government – and which enables users to sell any rations they do not use. They bring citizens, industry and Government together in a single scheme. Other names for Tradable Energy Quotas include: Domestic Tradable Quotas (DTQs), Personal Carbon Allowances (PCAs), Personal Carbon Trading, Carbon Quotas, and Tradable Permits.

Source http://www.teqs.net/

Contraction and Convergence Process (C& C process)

he "contraction" in C&C is shorthand for reducing the total global output of greenhouse gases. “Convergence” refers to national/ international approach to carbon emissions, i.e. looking at each nation as a component of the world and rationing the carbon quota accordingly.

Source http://www.newscientist.com/article.ns?id=dn4467