Version 3.2

Phasing out fossil fuels, supporting climate justice

This session is based around a new discussion paper on the Cap and Share concept. Cap and Share is a proposal by Feasta’s Climate Group for phasing out fossil fuels globally while supporting climate justice and providing significant climate finance to the Global South.

Under Cap and Share, the wealthy would be unable to continue to burn fossil fuels profligately because the supply of fossil fuels would be phased out at source, while the poor would be protected from the adverse effects of increasing energy scarcity and would also have better access to legal protection, including land rights.

There would be a significant redistribution of wealth from the wealthy to the poor, both between and within nations worldwide.

We therefore believe that Cap and Share could be an important - indeed, vital - catalyst for climate justice.

The 2022 report of the IPCC’s Working Group II mentions Cap and Share as an example of a policy mechanism that is rooted in the precautionary principle, reflecting the need to guarantee that significant emissions reduction will take place.

Our paper describes how such a program could start with a few countries and scale up. It would significantly progress the goals of the Fossil Fuel Non-Proliferation Treaty, and provide a framework for expanding and enlarging the scope of the Beyond Oil and Gas Alliance (BOGA).