Cap and Share
FEASTA has proposed a Cap and Share carbon market mechanism for reducing emissions in the large chunk of the economy -road transport - not subject to the EU emissions trading scheme. Under cap and share, emission permits to cover fossil fuel usage would be issued free and equally to all consumers, but limited to an overall cap that would reduce over time. Consumers would sell their permits to oil and companies, which would be required to purchase permits to cover the emissions associated with all fuels they sold.
Read more about this topic: Foundation For The Economics Of Sustainability
Famous quotes containing the words cap and, cap and/or share:
“‘I have cap and bells,’ he pondered,
‘I will send them to her and die’;
And when the morning whitened
He left them where she went by.”
—William Butler Yeats (1865–1939)
“... everyone developing
A language of his own to write his book in,
And one to cap the climax by combining
All language in a one-man tongue-confusion.”
—Robert Frost (1874–1963)
“Wit is so shining a quality that everybody admires it; most people aim at it, all people fear it, and few love it unless in themselves. A man must have a good share of wit himself to endure a great share of it in another.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)