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% in 2100—the equivalent of US$40 trillion a year. Developed countries continued to resist engaging on the issue and instead focused on trying to move China and other large developing countries to take on binding GHG emissions reduction obligations.
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