The emerging scheme would impose escalating trade tariffs on countries that did not sign on to the global carbon tax protocol. Some of the proceeds would be used for habitat preservation and poverty reduction in Third World countries. Most econmists prefer a global carbon tax scheme to a command and control regulatory apparatus.
Poverty reduction in 3rd World Countries. When you subsidize poverty you get more of it. Teach them to grow money crops instead of subsistence farming. Legal money crops. Water wells for clean water. Proper sanitation and education for clean living. And a stable government to protect the peasants from drug gangs. Heck, in 3rd World governments the drug gangs are the government. Giving them money for poverty reduction is like giving money to Al Capone.
“The emerging scheme would impose escalating trade tariffs on countries that did not sign on to the global carbon tax protocol.”
And just HOW do they expect to get China to play ball? They’ve never gone beyond lip service in the past.