global market share

Cap and Share - also referred to as the Global Climate Plan and Global Climate Scheme - is a policy instrument that aims at tackling the double challenge of climate change and extreme poverty. It consists of capping greenhouse gas emissions through a system of tradable quotas, while redistributing the revenue generated equally among human beings.
While Cap and Share is a form of carbon price - as it involves putting a price on carbon emissions to mitigate climate change - it represents a distinct and coherent policy framework, defined by a combination of key features: a binding global emissions cap to limit global warming below 2 °C, permits sold to major fossil fuel producers, and an equal per-capita redistribution of revenues.
The term "Cap and Share" was originally introduced by the Irish think tank Feasta in 2005. In recent years, economist Adrien Fabre and others have built upon this framework in academic research and public opinion studies, using variants such as the "Global Climate Plan" (GCP) or "Global Climate Scheme" (GCS). While terminology varies, the core principles remain the same. Notably, the Global Climate Plan includes a mechanism that prevents middle-income countries such as China from being net contributor of international transfers, to encourage broader international participation.

View More On Wikipedia.org