Cap and Share

FEASTA’s Climate Group promotes Cap and Share as a way of eliminating fossil fuel production, an alternative to carbon taxes that rely solely on price as the principal way to reduce emissions. It has two basic premises: firstly, that to stop runaway climate change, we need to cap, or limit, our carbon emissions at the source of extraction or import, and secondly, that any money generated by the sale of permits for extracting or importing fossil fuels should be shared equally by the population.

In August 2023 a new, global Cap and Share Climate Alliance was launched by a group of partner organisations including Feasta, Equal Right, The Future We Need, DR Climate Change Network, Autonomy, Global Redistribution Advocates and the Abel Musumali Foundation. If you’d like to find out more about the Alliance or if your organisation is interested in joining, please go here.

Cap and Share was mentioned in the 2022 IPCC II Working Group report on climate change impacts, adaptation and vulnerability (Chapter 1, p67), in the context of climate mitigation measures that do not assume a need for continual economic growth and that seek to minimise reliance on as-yet-undiscovered negative emissions technologies.

Cap and Share has its own dedicated website here. A sister website for the CapGlobalCarbon initiative, which places Cap and Share in a global context, is at www.capglobalcarbon.org.

Cap and Share is the focus of our publication Sharing for Survival: Restoring the Climate, the Commons and Society, which includes chapters on the commons, policy packages that would be needed alongside Cap and Share, the logistics of managing the share on a global level and how governance could be handled.

Below you’ll find an archive of Feasta blog articles and Feasta submissions that include Cap and Share.

Covert Cap and Share video released by Freakylinks

Cap and Share campaigners have just released a clever and playful 5-minute video which, they say, was produced covertly and then passed on to them by “Freakylinks”. Cap and Share would simultaneously control greenhouse gas emissions and boost equality, but as the video shows, the prospect of cutting out all the financial middle-men may not appeal to everyone.

Potential Impacts of a Global Cap and Share Scheme on India

This Report on India was prepared by Anandi Sharan, and follows Jeremy Wakeford’s model on the effects on South Africa that Cap and Share might have if introduced as part of a global climate settlement. Conditions in India are unique, as indeed they are in every country. Some elements of the pilot study, especially the impact on trade, have been shortened, whilst the section on the impact on households is given more prominence. The introduction of Cap and Share would mean that Indian households received a direct payment for their share of each year’s global emission rights. Such payments …

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

cs_sa_coverThe 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 and Share? Feasta intends to produce studies of the effects that Cap and Share 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. It will be used as a model for the remaining four reports. …