No, it's a good analogy, because basically the intent of saying "We shouldn't do anything because China and India aren't"
Except we have strict laws all over our industry WRT pollution, so we ARE following some rules (taking trash to the landfill) they need to catch up on. Then, once they get there, we can talk about further mutual compliance. So no, we are not doing nothing, we are insisting they do what we are already doing before we further hobble ourselves.
Once it hits the fan, the only rational choice is to sweep it up, package it, and sell it as fertilizer.