carbon trading

When measured in terms of annual Gross Domestic Product, or GDP, the United States is the richest country in the world, followed at a distance by China and Japan, and then several European countries, including Germany, France and the United Kingdom. The GDP — the value of all final goods and services produced in a country during a given year — is a simple computation that allows a direct comparison of wealth between countries.

SAN FRANCISCO: In the ongoing climate negotiations, one issue that keeps coming up is that developing countries should be held to the same standards as the developed world.

But that’s not quite fair, say Steven Davis and Ken Caldeira (both at the Carnegie Institution for Science in Stanford, Calif.): Much of the carbon dioxide emitted by those developing countries goes into producing goods that are exported to the developed world — which means the developing world ends up paying for others’ consumerism. In other words, we’re outsourcing our carbon dioxide emissions.