Martin Ferris (Kerry North, Sinn Fein)

It is also fairer than any other system because the right to emissions is shared equally among the population. Although the cost of energy and other goods would rise, due to fossil fuel producers having to pay for permits, this would be offset by the money individuals would earn from the sale of their PAPs. For most people, this would be greater than the increased cost of the energy they used. Cap and share would operate as a tax or rent on fossil fuel importers and producers, but unlike other environmental taxes, its final impact would be progressive. Due to the fact cap and share does not regulate individual purchases of carbon by consumers, it is a lot simpler and cheaper to implement than personal carbon trading.

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