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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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According to Tol, the impact of a tax hike of this magnitude could reduce world GDP 12.9% in 2100—the equivalent of US$40 trillion a year. Such a commitment would resolve many of today’s political challenges. Renergie protects its IPRs in developing countries by entering into PPPs or JVs rather than technology transfer agreements.