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How to fund climate justice: An introduction to cap and share

Presenting a significant new proposal for funding climate justice, and launching the new global network Cap and Share Climate Alliance.

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Where could the money come from to fund climate action, reparations and redistribution in every country? And how can we ensure that climate mitigation and climate justice can proceed hand in hand?

Cap and share is a mitigation and redistributive climate finance system that aims to provide part of the answer. It offers a radical but practical solution that could halt fossil fuel extraction, fund a global green transition, and return extracted wealth to communities all over the world.

Join us as we launch the Cap and Share Climate Alliance, a brand new global climate justice movement that is working to keep fossil fuels in the ground and share prosperity across the globe.

Founding member of the Cap and Share Climate Alliance, Equal Right, will also be presenting for the first time their discussion paper – 'Climate Justice Without Borders: Cap and share as a mitigation and climate finance solution'. The team will be joined by a global panel of climate justice experts and activists to respond to the proposal and provide insights as to how cap and share could impact their communities.


Facilitator: Mike Sandler (FEASTA and the Cap and Share Climate Alliance)

Chair: Harjeet SinghHarjeet Singh is the Head of Global Political Strategy at Climate Action Network International, the world’s largest climate network. He is an expert in the areas of climate impacts, migration and adaptation and he works with the UN on the Warsaw International Mechanism for Loss and Damage.

Cap and Share Climate Alliance co-founders:

• FEASTA - Caroline Whyte

• Equal Right - Sydney Chisi

• The Future We Need - Rahul Basu

• Autonomy - Will Stronge

• DRC Climate Change Network - Appolinaire Zagabe

• Global Redistribution Advocates - Adrien Fabre

• Abel Musumali Foundation - Abel Musumali

Speakers: Laura Bannister and Sydney Chisi (Equal Right)Equal Right is a global justice organisation that works for economic justice and climate justice without borders. They are a key member of the Cap and Share Climate Alliance and are undertaking significant movement-building work on cap and share.

Discussants:

Emilia Reyes is a Programme Director at Equidad de Género, a feminist justice organisation based in Mexico, and has worked with the IPCC, the Global Alliance for Tax Justice and the Women’s Working Group on Financing for Development, among others.

Abel Musumali is a climate negotiator in the Zambian delegation to the UNFCCC, a member of African Group of Negotiators Expert Support (AGNES) and the founder of the Abel Musumali Foundation, a development and humanitarian organisation based in Zambia.

Juan David Amaya is a Colombian climate justice activist with the Fridays For Future MAPA group, which seeks to raise the voices of the most affected peoples and areas of the Global South. He has served as a delegate to the COP27 and other international climate summits.


Timetable

11:30 UTC: Cap and Share Climate Alliance launch

12:00 UTC: Presenting Equal Right’s 'Climate Justice Without Borders: Cap and share as a mitigation and climate finance solution'.

This is an online event that is free and open to all. To join us, please register below. For any queries email: info@equalright.org

This event will be followed by regional webinars in three continents to explore the dramatic potential impacts of Equal Right’s cap and share system for these regions:

· AFRICA - How to fund climate justice: Tues 17th Oct 11:00 UTC

· AMÉRICA LATINA Y EL CARIBE - How to fund climate justice: Thurs 8th Feb 2024, 15:00 UTC

· ASIA AND PACIFIC - How to fund climate justice: Thurs 23rd May 2024, 9:30 UTC

A number of other cap and share proposals have been put forward by other founding members of the Cap and Share Climate Alliance. These will be explored in two further events:

- Cap and Share: A fair and just framework for fossil fuel phase-out : 16th November (FEASTA )

- A Global Climate Plan: 13th February 2024 (Global Redistribution Advocates)

To find out more about the Cap and Share Climate Alliance see capandsharealliance.org

To find out more about Equal Right’s work on climate justice see equalright.org

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24 October

AFRICA - How to fund climate justice