Cap and Share

Cap and Share was originally developed by Feasta (the Foundation for the Economics of Sustainability) and is a regulatory and economic framework for controlling the use of fossil fuels in relation to climate stabilisation. Accepting that climate change is a global problem and that there is a need to cap and reduce greenhouse gas emissions globally, the philosophy of Cap and Share maintains that the earth’s atmosphere is a fundamental common resource. Consequently, it is argued, each individual should get an equal share of the benefits from the limited amount of fossil fuels that will have to be burned and their emissions released into the atmosphere in the period until the atmospheric concentration of greenhouse gases has been stabilised at a safe level.

Read more about Cap And ShareDesign, Principles, Economic Assessment

Other articles related to "cap and share, cap":

Foundation For The Economics Of Sustainability - Cap and Share
... FEASTA has proposed a Cap and Share carbon market mechanism for reducing emissions in the large chunk of the economy -road transport - not subject ... Under cap and share, emission permits to cover fossil fuel usage would be issued free and equally to all consumers, but limited to an overall cap that would reduce over time ...
Cap And Share - Economic Assessment
... the future were known with certainty, then the economic implications of Cap and Share would equal the economic implications of a carbon tax with lump sum ... The NGO that developed Cap and Share, Feasta, argues that while it is definitely a good idea to shift the tax burden away from labour and towards capital, a carbon tax is not the ... Carbon taxes do not establish a predictable level of emissions cuts, unlike a cap, and can be vulnerable to short-term political pressures such as an increase in the price of oil, since a country's tax ...

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    France, indeed! whose Catholic millions still worship Mary Queen of Heaven; and for ten generations refused cap and knee to many angel Maries, rightful Queens of France.
    Herman Melville (1819–1891)