(Incidentally, the July Snowmass presentations regarding Integrated Assessment models of the effects of such emission-reduction policy plans, which I plugged in my preceding blog post, are now accessible to the public.)
But issues of competitiveness and how to address it have risen to the top in the climate change policy debate among politicians. The Lieberman-Warner bill – would have required the president to determine what countries have taken comparable action to limit GHG emissions; for imports of covered goods from covered countries, the importer would then have had to buy international reserve allowances – equivalent to a tariff. (The same with some of the bill’s competitors such as the Bingaman-Specter “Low Carbon Economy Act” of 2007.)