Yet the carbon footprint of our economy is larger than that. After taking into account the carbon emitted to produce the imports we buy, as well as the goods and services we export, it increases by at least 10 per cent.
This is the level of logical thought our Titans of Industry are capable of?
We could, if we wanted, add in the emissions from our imports, as they are connected with consumption here. We could also, if we were so minded, add in the emissions of our exports, as they are connected with production here.
But what we can\’t do is add both in. The emissions in our imports are counted in the production budgets of elsewhere: similarly, the production emissions of our exports are counted in the consumption budgets of elsewhere.
One or the other, not both.