Who Owns the Sky?
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Author Description
In Who Owns the Sky? visionary entrepreneur Peter Barnes redefines the debate about the costs and benefits of addressing climate change. He proposes a market-based institution called a Sky Trust that would set limits on carbon emissions and pay dividends to all of us, who collectively own the atmosphere as a commons. The Trust would be funded by requiring polluters to pay for the right to emit carbon dioxide and managed by a nongovernmental agency. Dividends would be paid annually, in much the same way that residents of Alaska today receive cash benefits from oil companies that drill in their state.--BOOK JACKET.
Menrva's Summary
THE THESIS
Peter Barnes proposes a novel market-based solution to climate change through the establishment of a Sky Trust. The book argues that the atmosphere is a shared commons, and proposes a system where polluters pay for their emissions, with the revenue distributed as dividends to all individuals. This mechanism aims to incentivize emission reduction while providing economic benefits, drawing a parallel to Alaska's oil dividend system.
THE SCOPE MAP
- What You Will Find:
- A detailed explanation of the Sky Trust concept and its economic underpinnings.
- Analysis of the costs and benefits associated with addressing climate change.
- A proposal for a market-based institution to regulate carbon emissions.
- Discussion on the collective ownership of the atmosphere as a commons.
- Comparison to existing resource management models, such as Alaska's Permanent Fund.
- Arguments for a non-governmental agency to manage the Trust.
- Strategies for incentivizing polluters to reduce carbon dioxide emissions.
THE AUTHORITY PERSPECTIVE
The book presents a visionary and economically grounded approach to tackling climate change, proposing the Sky Trust as a novel mechanism for managing atmospheric commons. It is recognized for its innovative market-based solution that seeks to align economic incentives with environmental protection. The proposal to distribute dividends to individuals, funded by polluters, offers a unique perspective on climate policy. The work is seen as a significant contribution to the discourse on climate economics and policy.
Page Count:
172
Publication Date:
2001-01-01
ISBN-10:
1559638559
Economics
Non-Fiction
Science & Technology
Environment
Climate Change
Policy
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