"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.