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Climate Justice Without Borders
Climate Justice
Without Borders:
Cap and Share as a mitigation and climate finance solution
The report sets out a plan for a cap and share system that would tackle the climate crisis, fund a transformational global Green New Deal, and drastically reduce levels of international poverty and inequality.
A ‘cap and share’ system would involve the introduction of a ‘cap’ on fossil fuels, along with a fee paid ‘at source’ for extraction. Proceeds from this make polluters pay, and then share the resulting wealth amongst communities and citizens.