If Global Warming is so bad and our emissions cause it, why give credits? Just regulate all the industry and transportation away... don't let the emissions continue. Or are they after the money and don't want to kill the golden goose? (do I really need a sarcasm tag here?)
Amen. A true "environmentalist" who genuinely believed "it may already be too late to save the planet", would say "freeze and/or reduce hydocarbon emission levels in all countries around the globe, regardless of their state of industrial development". Only a Marxist Socialist would say, "freeze and reduce hydrocarbon levels in 'developed' (capitalist) countries, but by all means allow the 'undeveloped' (and socialist/communist) countries to pollute all they wish until that magical day when 'economic parity' is realized".