From Fossil Fuel Subsidies to Carbon Dividends
'A carbon dividend system is a win-win solution and can be a keystone of successful global fuel subsidy reform,' writes Feasta intern Mohammed Amassyali.
Cap and Share
Cap and Share is a way of eliminating fossil fuel production, an alternative to ‘carbon rations’ or carbon taxes. 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 extract 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 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 involve Cap and Share.
Feasta submission on the Irish government’s Climate Action Plan
Feasta members' suggestions for Ireland's updated Climate Action Plan include capping carbon in partnership with low-income countries, withdrawing from harmful international treaties, introducing a Land Value Tax, Financial transactions Tax and Universal Basic Income, making finance growth-neutral, and adopting Community Wealth Building.
Cyberattack 2: The Meat Edition
"First fossil fuels and now meat; maybe it’s just a coincidence that these cyberattacks targeted two of the most climate destructive industries," writes Mike Sandler, who goes on to make a proposal for reducing meat consumption in an equitable way.
Panic Buying and Rationing on the Downslope
'We as a society must restrict the sales of fossil fuels over time to slow climate change. An equitable “shares” system to ease the transition could help in short term dislocations like the Colonial Pipeline cyberattack as well,' argues Mike Sandler.
Auctioning Carbon Permits—a Primer for the U.S.A.
Brent Ranalli describes the optimal way to organise an auction for carbon permits as part of a system for reliably capping the supply of fossil fuel at the point of extraction or import.
A Primer on Carbon Pricing for the U.S.A.
The U.S. is poised to take aggressive, belated action on climate change. What legislation should U.S. politicians pass in order to ensure that that action is both effective in reducing emissions, and fair? Brent Ranalli provides some evidence-based suggestions.
