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
Green Car Congress
DECEMBER 20, 2009
The Chinese can promise to do this because they’re modernizing their economy. According to Tol, the impact of a tax hike of this magnitude could reduce world GDP 12.9% Other transaction costs include the search of partners, the drafting of contracts, legal assistance, etc. in 2100—the equivalent of US$40 trillion a year.
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