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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

Green Car Congress

For example, Chinese negotiators do not want to sign up to an agreement that involves inspectors visiting their country to verify progress on climate commitments; 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. Other transaction costs include the search of partners, the drafting of contracts, legal assistance, etc.

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