Quote from Index piker:
Are you trying to tell me the emissions contracts will be worthless and no real dollar value for penalty for exceeding limits?
That's impossible to answer.
Since you already know that there will be economic damage (but can't provide any historical examples) I expect you'll be able to tell us what the penalty will be for exceeding the limits, who will pay it, how it will be collected and how individual governments will pursue this.
Since you're able to predict multinational policy years in advance, please let us know what the DOW will be in six months.