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...significant? Davis and his co-author Ken Caldeira estimate that 23% of global CO2 emissions - about 6.2 billion metric tons - are traded internationally, usually going from carbon-intensive developing nations like China to the comparatively less carbon intensive West. In a few rich nations, such as France, Sweden and Britain, more than 30% of consumption-based emissions could be traced to origins abroad; if those emissions were tallied on the other side of the balance sheet, it would add more than four tons of CO2 per person in several European nations...

Author: /time Magazine | Title: When Goods Get Traded, Who Pays for the CO2? | 3/9/2010 | See Source »

...effect in the U.S. is less extreme because the country exports more than Western Europe and because the U.S. economy has a higher carbon intensity - but it made a difference. Imports accounted for 10.8% of U.S. carbon emissions, enough to add an additional 2.4 metric tons of CO2 per person. China, of course, fell into the opposite camp: 22.5% of the carbon emitted in China is actually exported to other countries, reducing its per capita carbon footprint from 3.9 tons to 3 tons. (See pictures of the world's most polluted places...

Author: /time Magazine | Title: When Goods Get Traded, Who Pays for the CO2? | 3/9/2010 | See Source »

Climate-change critics like Republican Senator James Inhofe may rail against China, but the PNAS paper shows that while Beijing may be leading the world in carbon emissions, that output is in large part due to the fact that it is using energy to make clothes, cars and toys for the rest of us. It also demonstrates that Europe - whose per capita carbon footprint is less than half that of the U.S. - essentially imports some of its green virtue from abroad by outsourcing its carbon emissions. "It does shrink the gap somewhat between the U.S. and Europe," says Davis...

Author: /time Magazine | Title: When Goods Get Traded, Who Pays for the CO2? | 3/9/2010 | See Source »

...real implications of the new paper could come in international climate policy. The U.N. system is built around the idea of capping carbon emissions from individual nations. But which country is responsible for the carbon emitted in global trade? The buyer or the seller? The study demonstrates that carbon leakage - emissions moving from relatively green countries like France or Germany to more carbon-intensive ones like Russia or China - is already occurring. The question is whether the leakage will accelerate if, for instance, developed nations institute tough carbon caps and drive out carbon-intensive industries, which will...

Author: /time Magazine | Title: When Goods Get Traded, Who Pays for the CO2? | 3/9/2010 | See Source »

What's clear is that for all the blame being put on major developing countries for failing to take on carbon regulations, climate change is still chiefly the responsibility of rich nations. We emitted most of the man-made CO2 currently warming the planet, and even today, thanks to trade, we are still responsible for the majority of new carbon emissions. As Davis and Caldeira write, "Consumption-based accounting of emissions provides grounding for ethical arguments that the most developed countries - as the primary beneficiaries of emissions and with greater ability to pay - should lead the global mitigation effort." That...

Author: /time Magazine | Title: When Goods Get Traded, Who Pays for the CO2? | 3/9/2010 | See Source »

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