I know there is this theory, but I cannot think of the name right now. I read about it, it's kinda ols but was never really developed further.
It basically said that every country has certain emission rights. If it would want to exceed those, it could purchase rights from another country, but at an exorbitant price. In the long term it would be cheaper to upgrade factories.
Again, main problems: how to measure? How to supervise? How to fine? Neutral head organization?
Would probably never work because we can't even agree on an international court for war crimes.
They talked about this theory in that book called One Trillion Dollars where this poor guy inherits this money that his great great great great grandfather one deposited.
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