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)
“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)
““... But let’s forgive him.
We’ve had a share in one night of his life.
What’ll you bet he ever calls again?””
—Robert Frost (1874–1963)