Potential Impacts of a Global Cap and Share Scheme on South Africa

September 2008

The BRICSA countries (Brazil, Russia, India, China and South Africa) are likely to play key roles in deciding the type of climate agreement that follows Kyoto. How likely are they to favour Cap amd Share? Feasta intends to produce studies of the effects that C&S might have on each. The pilot study, of the likely effects on South Africa, has just been completed by Jeremy Wakeford of South African New Economics and can be downloaded below. It will be used as a model for the remaining four reports.

This study sought to identify the initial impact that a global Cap and Share scheme might have on South Africa, based on a set of limiting assumptions. In particular, it attempted to quantify the immediate impact - i.e. before behavioural responses take effect - on energy prices, the macro economy, household expenditure and income, industries and the competitiveness of renewable energy sources.

Introduction
Summary and Conclusion
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