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 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.