Worst yet, because it does not address other nations, the west's efforts will fail.
China's emissions are not only more on a yearly basis, but the most since 1850 as well as since the millinium.
If a president REALLY wants to stop CO2 emissions and save the planet, it is within their power. All they need to do is a tax that treats ALL nations the same way.
America is the world's biggest importer. We import from nearly ALL NATIONS. So, any tax that we apply to goods impacts all others.
First, we need to make all nation's REAL CO2 emissions known. Right now, China's is based on esimates from data that their gov. gave. So, instead, it should be based on OCO2 and shortly on OCO3.
Secondly, the normalization should be emissions per REAL $ GDP (not PPP). EMissions are far more tied to manufacturing, and GDP, then to individuals. Note that if a nation cheats by manipulating lowering their money against the $, then it will actually lower their GDP, which will increase their emission rates. So, with this, it stops nations from cheating on emissions and on their money.
#rd, A tax on goods based on where they and their subparts come from would solve this. This tax should rise by 5% of the good's worth each year. It should be applied to all goods. However, if a company wants, they can submit to a website that shows where all the parts come from. If it and the subparts come from a nation like sweden, then they would have ZERO tax. OTOH, if the good has ANY parts from CHina, they will get 100% taxed. If the company is caught lying, then they will be denied the right to sell in America. And if a nation tries to cover it up, then that nation will be barred as well.
This is the ONLY way that a president will be able to drop the CO2 emissions.