GHG emissions would be much better measured if the consumer of the product was responsible for all the emissions not the producer. Its also the only real way to allow capitalism to fix the issue.
Give everyone in Canada a carbon allowance, allow governments to tax that carbon allowance for their emissions, when you pay for something you pay for the cost of the good in dollars and cost of the good in emissions. Individuals would be allowed to sell their surplus emissions to others. The key is that the citizens of a country own the right to pollute not industry. All cap and trade does is make industry rich. In a model where citizens own emissions the citizens are encouraged to change purchasing habits which is really what drives production.
It also negates any large scale economic damage to us as a producing nation as our exports are only taxed by jurisdictions that also impose taxes are their citizens. And it imposes taxes on imports based on the carbon intensity of the produced product.
It would raise costs on everything we consume but when someone asks for carbon trading that is really what they are asking for. But it would never be politically sellable because instead of attacking boogyman industries from outside the voting block it increases the price of food for everyone.
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