Geoscience Reference
In-Depth Information
treatment will be manageable if the carbon prices are low. But if prices
are in the range of $500 or $1,000 per ton of CO
2
, as is found in some
proposals, then a few percentage points in the CO
2
price can make a sub-
stantial difference for the prices and competitiveness of goods in interna-
tional trade.
These are just two examples of the many realistic details that will
need to be ironed out in any global climate policy. They sound tedious
for nonspecialists and will make work for lawyers. But working through
the details and establishing a price for CO
2
and other GHGs is a critical
step on the road to slowing global warming.
