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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 cost of fully implementing the Kyoto Protocol (in terms of lost economic growth) has been estimated at roughly $180 billion a year. Other transaction costs include the search of partners, the drafting of contracts, legal assistance, etc. It’s simply not in their interest to do so. Scenario No. 2: Joint Venture (JV).