This submittal from Feasta calls for an upstream permit system to ensure that fossil fuel supply is gradually phased out in the northeastern and Atlantic U.S. States, along with a per-capita distribution of revenue from the sale of permits. It also emphasises international climate justice.
This submittal makes a series of recommendations with regard to carbon pricing and international climate justice, deriving from the research behind the Feasta Climate Group's Cap and Share and CapGlobalCarbon initiatives.
In response to a consultation call from the Irish Department of Agriculture, Food and the Marine on their Agri-Food 2030 strategy, Feasta has prepared this submission, which calls for an urgent diversification of Irish agriculture and a move away from its current export-led approach.
What is the best way to allocate revenue from carbon pricing so as to protect those suffering from fuel poverty and promote international climate justice - and how can we ensure that the carbon pricing is actually bringing emissions down?
We urge the Irish government to recognise the existential aspect of environmental risk, as well as the complex challenges posed by the global financial system's high dependency on oil. Ireland is particularly vulnerable to financial collapse and its community banking sector needs to be strengthened and taxation reforms carried out in order to help mitigate this.
Feasta Currency Group members believe that community (or public) banking could form a central component of a healthy future Irish economy. There is an urgent need to expand this sector in Ireland in order to help protect the Irish economy from debt-related financial risk, stimulate community development and help bring about the transition to a growth-neutral financial sector.