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
According to Tol, the impact of a tax hike of this magnitude could reduce world GDP 12.9% 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.
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