Overview of Fair Shares

Oil 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.

For more details of Cap and Share see http://www.capandshare.org