What should be done with the revenues from a carbon cap and auction system?

Abstract

In this article the author discusses the use of the revenues which can be generated from a carbon cap and auction system in the U.S. They believe that auction system will be politically feasible if all individuals share generated revenues equally. A significant fraction from the revenue should pay for related projects like researching and developing renewable energy in developing countries. The shareholders in this atmospheric commons should be both the current and future generations. Show more