Assume - just take for granted for this argument - that global warming is absolutely catastrophic, and CO2 is the main cause. Why is it that so many presidential candidates (on both sides of the fence) have taken such a weak position both on the issue and for the US? By and large the positions have been that the US drops emissions, and depending on the flavor the proposal, African countries get a windfall in cap-and-trade dollars and China/India/developing countries get free passes. Here's what I mean - anyone who has visited China and India can attest that industry there is much more polluting than those in the US. So why is it beneficial to force out a manufacturer, say in New York, so that the same product can be made with more pollution in China or pay some African country a royalty for the privilege to do so (cap and trade)? And I havent even factored in the corruption factor in those countries where they will cheat on the carbon figures.
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