Fair Shares in 2015
Overview of Fair SharesOil peaks by 2007, but the response to the shortage of oil is immediate. Governments realise that, without an international agreement to share out the limited amount of oil and gas on a non-market basis, over-high oil prices will threaten both oil-producing and oil-consuming countries with depression and financial ruin. A system called Cap and Share is put in place which adopts the position that everyone has an equal claim to be able to use the atmosphere as a dump for his or her greenhouse gas emissions and issues permits for them to do so. These permits can then be traded on the free market but the effect is to control and limit the supply of fossil fuels.
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Fair Shares SummaryFair Shares eventually lead to economic decline as manufacturing and other associated industries turn lower scale. More localised small scale, less energy intensive, industries develop and the economy weathers the storm longer and far better than is the case for localisation.
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Key Fair Shares Facts in 2015Government Policies
Economy
Business
Households
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CultureWhat are we eating?
What are we watching?
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