Utopia, you are standing in it!
The best case I’ve seen recently for doing nothing about global warming was put by those arguing with the greatest sincerity and considerable technical skill that the next international climate treaty should be built around a climate club of those that comply with its obligations with green tariffs on those who do not join.
I have long argued that green tariffs are the only reason to do anything about climate change. Much better to collect the revenue ourselves than let it go into the pockets of a foreign taxman.
William Nordhaus has proposed climate clubs as a way of overcoming free riding in international climate negotiations. Specifically, the international climate treaty should authorise members to impose green tariffs on non-members to encourage them to impose their own carbon taxes and carbon emission targets. This has been done before with the Montréal protocol on CFCs. To encourage the phase-out of CFCs…
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