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:
“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)
“I put a Phrygian cap on the old dictionary.”
—Victor Hugo (1802–1885)
“The toddler’s wish to please ... is a powerful aid in helping the child to develop a social awareness and, eventually, a moral conscience. The child’s love for the parent is so strong that it causes him to change his behavior: to refrain from hitting and biting, to share toys with a peer, to become toilet trained. This wish for approval is the parent’s most reliable ally in the process of socializing the child.”
—Alicia F. Lieberman (20th century)