>I know the problem with this assumption (besides the fact that even
>getting the US and EU on board is a pipe dream)...which is that the
>production of GHG emitting industrial processes would just be
>transferred to places where there aren't the restrictions.
Though that kind of relocation would be discouraged by higher energy prices, as that CIBC report cited yesterday shows. The price of shipping a container from Asia to the US has nearly doubled since 2000.
Doug