Geoscience Reference
In-Depth Information
The hurdles facing global coordination are extremely high. Countries
guard their sovereignty like the family jewels. They are loath to cede
power to any international organization or group of other countries.
Given the urgency of reaching an agreement and the realities of national
reluctance, the most fruitful approach is a harmonized carbon price
with trade sanctions as a way to prevent countries from free riding on
the investments of others.
