Foundation for the Economics of Sustainability

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The Foundation for the Economics of Sustainability (FEASTA) is an Irish organisation which works to identify how a sustainable society would look and how it could be achieved, and to promote efforts in this direction. It was founded in Dublin in 1998.^[1]

[edit] Cap and Share

FEASTA has proposed a Cap and Share carbon market mechanism for reducing emissions in the large chunk of the economy -road transport - not subject to the EU emissions trading scheme. Under cap and share, emission permits to cover fossil fuel usage would be issued free and equally to all consumers, but limited to an overall cap that would reduce over time. Consumers would sell their permits to oil and companies, which would be required to purchase permits to cover the emissions associated with all fuels they sold. ^[2]