[dafrie]

This is actually a main proposal by William Nordhaus [1], who won the Nobel Memorial Prize in Economics on climate change modelling! TLDR: So called climate clubs (or "reasonable countries") would punish countries that are not meeting the clubs rules (i.e. a carbon tax of a certain level) by levying tariffs.

[1] https://www.aeaweb.org/articles?id=10.1257/aer.15000001

[thepangolino]

Wouldn't this cause a reaction forming opposing clubs that don't abide by those rules therefore gaining a competitive advantage?

[virgilp]

So under this model, Gambia & Morocco would be punishing USA, Russia, Saudi Arabia, Turkey, Vietnam and Ukraine?