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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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The Chinese can promise to do this because they’re modernizing their economy. Moreover, while an eventual treaty would be likely to include a cap-and-trade system, under which the world’s bigger polluters would buy allowances from cleaner corporations or utilities, it is unclear how—or even if—it would work.