The Feasta climate group has participated in the current review of the workings of the EU’s emissions trading system by proposing that all Europe’s transport emissions should be capped and tradable permits for the tonnage of carbon dioxide involved distributed each year to every adult EU resident. The Executive Summary is included below, or download the full document.…
Cap and Share
Cap and Share is a way of eliminating fossil fuel production, an alternative to carbon taxes that rely 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.
Cap and Share was mentioned in the 2022 IPCC III Working Group report on climate change impacts, adaptation and vulnerability (Chapter 1, p67), in the context of climate mitigation measures which are ‘sufficiency’-based and that do not assume a need for continual economic growth.
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.
The content of this briefing paper is included below, or download the original document.
This document is an updated version of a November 2005 document. …
- There is an urgent need for climate action but the UNFCCC process is moving at a snail’s pace. It has become a Gordian Knot of complexity. A simpler process could cut through the knot and lead to a climate treaty being achieved in a relatively short period.
- The overall goals of the process need to be established. If these can be kept simple, it is much easier for competing schemes to be compared and for existing schemes such as the EU ETS to be used to achieve them.
- Simple schemes are also the
Wednesday, 20th December 2006
Download a PDF version of this Press Release.
EU aviation proposals “distort competition between all forms of transport, hand windfall profits to airlines rather than citizens, and do not provide a model for the overall reform of the EU ETS.”
Feasta suggests alternative approach…
These two handouts were prepared by Feasta member Mike Sandler to bring to a November 2006 meeting in Sacramento with California Environmental Protection Agency staff about learning from the European Trading System (ETS), and how California can create a cap and trade system which provides Individual Emissions Entitlements.