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)
“In time your relatives will come to accept the idea that a career is as important to you as your family. Of course, in time the polar ice cap will melt.”
—Barbara Dale (b. 1940)
“It has no share in the leadership of thought: it does not even reflect its current. It does not create beauty: it apes fashion. It does not produce personal skill: our actors and actresses, with the exception of a few persons with natural gifts and graces, mostly miscultivated or half-cultivated, are simply the middle-class section of the residuum.”
—George Bernard Shaw (1856–1950)