Cap and Share was originally developed by Feasta (the Foundation for the Economics of Sustainability) and is a regulatory and economic framework for controlling the use of fossil fuels in relation to climate stabilisation. Accepting that climate change is a global problem and that there is a need to cap and reduce greenhouse gas emissions globally, the philosophy of Cap and Share maintains that the earth’s atmosphere is a fundamental common resource. Consequently, it is argued, each individual should get an equal share of the benefits from the limited amount of fossil fuels that will have to be burned and their emissions released into the atmosphere in the period until the atmospheric concentration of greenhouse gases has been stabilised at a safe level.
Read more about Cap And Share: Design, Principles, Economic Assessment
Famous quotes containing the words cap and, cap and/or share:
“France, indeed! whose Catholic millions still worship Mary Queen of Heaven; and for ten generations refused cap and knee to many angel Maries, rightful Queens of France.”
—Herman Melville (1819–1891)
“France, indeed! whose Catholic millions still worship Mary Queen of Heaven; and for ten generations refused cap and knee to many angel Maries, rightful Queens of France.”
—Herman Melville (1819–1891)
“Indeed, men never know how to love. nothing satisfies them. All they know is to dream, to imagine new duties, to look for new countries and new homes. While we women, we know that we must hasten to love, to share the same bed, hold hands, and fear absence. When we women love, we dream of nothing.”
—Albert Camus (1913–1960)