Carbon Capping

Karl FitzgeraldCommentary, True Cost EconomicsLeave a Comment

Carbon Capping – A Citizen’s Guide

Leading Author Peter Barnes has summarised the carbon capping system in 22 easy to read pages. Essential reading on one of our most important and eloquent thinker, the guide describes three different ways to cap carbon: cap-and-giveaway, cap-and-auction, and cap-and-rebate. It explains how, “if done right, a descending economy-wide carbon cap is the single best tool to fight climate change.” But it warns that, “if done wrong, a cap won’t reduce emissions sufficiently and will transfer hundreds of billions of dollars from families to corporate polluters.”

Read the full report here

The guide has been released with a Creative Commons license, which means it can be freely reproduced and circulated.