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.
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 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.
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.
Statement on the US Rejoining the Paris Climate Agreement
FEASTA encourages policymakers and activists to take the opportunity, as the US re-engages with the Paris Climate Agreement, to include a science-based, equity-based, and people-based method of achieving the 1.5 degree goal: CapGlobalCarbon.
Feasta position paper on the EU’s Carbon Border Adjustment Mechanism
What can the EU do to prevent carbon leakage - the sabotaging of its climate policy by non-EU industries? This submission provides some suggestions and also places a strong emphasis on international climate justice.
‘Balancing with a Doughnut’: Feasta position paper on the revision of the European Commission’s Energy Taxation Directive
This paper calls for the introduction of a suite of climate-related reforms in the EU that include limiting fossil fuel production and imports at source, placing a limit on carbon fees along with a quota system, introducing per-capita allocations of revenue from a carbon fee, and forming a partnership with a group of Global South countries to promote climate justice.
Summer Reading Recommendation: The Case for Carbon Dividends
Professor James K. Boyce's book explains why capping total global carbon emissions would put us on a path to fixing our enormous emissions problem, rather than just providing a tiny bandaid as offsets do. Review by Mike Sandler.
