It is argued by many that market-based policies along with cash transfers will make it easier for nations to forge deals to cut carbon emissions. However, emission-intensive manufacturing in China and India could be hit especially hard by this approach.
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References
Mattoo, A. et al. World Bank Econ. Rev. http://dx.doi.org/10.1093/wber/lhr047 (2011).
Victor, D. G. Global Warming Gridlock (Cambridge Univ. Press, 2011).
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Victor, D. National effects of global policy. Nature Clim Change 2, 24–25 (2012). https://doi.org/10.1038/nclimate1338
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DOI: https://doi.org/10.1038/nclimate1338
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