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Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

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Based on calculations by the International Energy Agency (IEA), 75% of the growth in the world’s energy demand from 2005 to 2030 will come from developing countries. According to Tol, the impact of a tax hike of this magnitude could reduce world GDP 12.9% China recently surpassed the US as the world’s biggest producer of GHGs.