Over on the Responding to Climate Change website you can read a post by Feasta climate group member Laurence Matthews in which he explains why Cap and Share would perfectly fit the bill for ‘strong climate action’ that so many prominent figures, from the Pope to pop stars, are calling for. Cap and Share (or CapGlobalCarbon) would ensure that fossil fuel extraction was gradually phased out while simultaneously tackling poverty and inequality.
by Richard Douthwaite. Expanded online edition published June 2003 with updates by Richard Douthwaite, Joanne Elliott and Caroline Whyte. Read Short Circuit online in its entirety.
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The global economy can no longer be relied upon to provide the necessities of life. Even in wealthy countries, the vagaries of free trade and the unimpeded movement of capital pose a threat not just to job security but to food and energy supplies as well.
Short Circuit proposes that each community build an independent local economy capable of supplying the goods and services its people would need should the mainstream economy collapse. It details the financial structures necessary for self-reliance, and it describes the techniques already in use in pioneering communities across the industrialized world. These inculde local currency schemes and community banks that enable local interest rates and credit terms to differ from those in the world economy. Efforts to meet local food and energy requirements using local resources are also reviewed.