Carbon Dividends on the agenda at the BIG Conference
In the run up to the Basic Income Guarantee conference on July 23, Mike Sandler and Michael Howard exchange views on the viability, adequacy and equity of per-capita carbon dividends.
Cap and Share
FEASTA’s Climate Group promotes Cap and Share as a way of eliminating fossil fuel production, an alternative to carbon taxes that rely solely on price as the principal way to reduce emissions. It has two basic premises: firstly, that to stop runaway climate change, we need to cap, or limit, our carbon emissions at the source of extraction or import, and secondly, that any money generated by the sale of permits for extracting or importing fossil fuels should be shared equally by the population.
In August 2023 a new, global Cap and Share Climate Alliance was launched by a group of partner organisations including Feasta, Equal Right, The Future We Need, DR Climate Change Network, Autonomy, Global Redistribution Advocates and the Abel Musumali Foundation. If you’d like to find out more about the Alliance or if your organisation is interested in joining, please go here.
Cap and Share was mentioned in the 2022 IPCC II Working Group report on climate change impacts, adaptation and vulnerability (Chapter 1, p67), in the context of climate mitigation measures that do not assume a need for continual economic growth and that seek to minimise reliance on as-yet-undiscovered negative emissions technologies.
Cap and Share has its own dedicated website here. A sister website for the CapGlobalCarbon initiative, which places Cap and Share in a global context, is at www.capglobalcarbon.org.
Cap and Share is the focus of our publication Sharing for Survival: Restoring the Climate, the Commons and Society, which includes chapters on the commons, policy packages that would be needed alongside Cap and Share, the logistics of managing the share on a global level and how governance could be handled.
Below you’ll find an archive of Feasta blog articles and Feasta submissions that include Cap and Share.
Cap and Share: A Just and Constructive Fossil Fuel Phase-Out
In this online event, Feasta's Caroline Whyte presented a new discussion paper on the potential for Cap and Share to help us achieve our climate targets, while also contributing significantly to global climate justice and bringing about a more balanced global economy.
COP-28 Reflections: Transitioning Away From Petro-State Economics
"It took over 20 years and 27 conferences to get here, so how did the COP organisers do this time?" asks Mike Sandler.
Environmental Justice and Carbon Pricing in California
Feasta intern Elsa Cuenca-Rubio writes that "although California climate policies have good intentions, to be truly sustainable, they need to support minority and disproportionately impacted communities, while also combating climate change."
How to fund climate justice: launch of the new Cap and Share Climate Alliance, Aug 10
Feasta is joining with Equal Right and five other NGOs on three continents to launch this initiative for a fair and global fossil fuel phase-out.
Bank Failures and the Debt Ceiling: A Double Teachable Moment for Ecological Monetary Theory
'On his recent visit to Ireland, President Biden said he felt like he was “home.” By giving a speech like President Higgins just gave, and setting up an Ecological Monetary Reform Study Committee, he could prove it,' writes Mike Sandler.
