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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% Notably, pieces of knowledge being all different from each other, there is little standardization, making it difficult to have references such as common price or standard contracts. in 2100—the equivalent of US$40 trillion a year.