By now, the news of the Copenhagen summit in 2009 is well-known: A year before, the United States and Europe agreed to a global treaty to reduce emissions, the Kyoto Protocol, and establish the goal of limiting warming to 1.5 degrees Celsius.
The European Union and other countries signed on to the agreement as well, but the U.S. did not.
As the Copenhagen Summit neared, the world’s leaders were still reeling from the global economic downturn.
The U.K. and France were in the midst of a public relations crisis over their handling of the financial crisis.
The Chinese had announced a carbon tax.
A Chinese government-owned coal company was selling off coal mines and factories in the United Kingdom and other parts of Europe.
The Paris talks were being held amid this upheaval.
The climate change treaty had been set up to take over the world, and it was an urgent goal.
The United States, Europe, Japan and China, plus India and other developing countries, were all looking for ways to come together and agree on a common strategy to combat climate change.
The agreement was called the Paris Agreement, and the final draft was finally signed in 2015.
As climate change began to dominate the news, the political parties of the three major countries, the European Union, the U-K.
(which was then called the Commonwealth) and Canada, started to coalesce around a common plan to cut emissions.
The plan was called a carbon price.
By 2025, the global average temperature would drop to 1 degree Celsius, the target set by the Paris Protocol.
The price would be $100 a tonne, which is about $30 per tonne of CO2.
The world was ready.
The governments of the major industrialized nations had agreed to cut greenhouse gas emissions by about a third by 2025, and they were working on a plan to set the price at $100 by 2030.
The deal was a win-win.
The nations that signed on had a common objective.
The carbon price, the governments agreed, would put pressure on countries to cut their emissions.
Countries that cut their CO2 emissions would also be able to claim credit for the reduction, and countries that did not cut their greenhouse gas pollution would be rewarded.
This would be a win for everyone.
In a bid to win over the European governments, the plan called for the European Parliament to vote on a draft agreement that would include the price.
The Europeans wanted the price to be fixed at $110 per ton of CO3 by 2030, and a cap of $50 per ton on emissions by 2030 was also included.
By that point, the agreement had become so widely known, it had become a topic of discussion in many capitals.
At a time when global warming was the subject of a global economic crisis, the Paris agreement seemed like a win.
The two sides agreed on a price that would help the world reach the goal.
This was great.
And yet, a number of issues still had to be worked out.
The first issue was whether countries would be required to pay for the emission reduction in the form of taxes, subsidies, or other forms of public spending.
This is where the Paris accord’s cap on the price would come into play.
If the price were set at $10 per ton, it would mean that governments could not set a cap on CO2 pollution.
This meant that they would be able, for example, to set a $50 a ton cap on their emissions, or a $100 cap on emissions, and so on.
The second issue was the question of the timing of the carbon price — how long would it take for countries to reach the cap?
The EU was in the process of negotiating a new carbon price by 2025.
The negotiations were taking place in the same time frame as the Copenhagen Agreement.
The other countries involved were also negotiating new emissions limits, which meant that there was a lot of time for the parties to work out any differences.
It was a delicate balance, and negotiations were often put off until the summer.
But now the negotiators were finally getting around to talking about a date.
The timing was not a big issue, but it did make it difficult to get the deal done.
What the parties needed to do was agree on the date of the date, the time frame in which the carbon pricing would start, and then how long it would take for the carbon prices to start, according to the plan.
The idea was to start the pricing of carbon pollution at the beginning of 2020, and to end the price by 2030 at a level that would give the governments the credit they were entitled to for reducing their emissions at that time.
The process was called carbon pricing.
The problem was that some countries were not prepared to do this.
They were not ready to set up a cap that would be the end of the price system.
And the price of CO₂ would start out at $90 a ton, which was less than the cap, so countries