The Carbon Tax Re-Explained (Libertarian Edition) Part 2

                      Now to continue to refute another point that my friend has brought out which is that he believes that there is no way to monitor how much CO2 was used to make a product in a foreign country when it comes in, But it isn't hard to monitor something that is already monitored. First China is going to have a carbon tax in 2012, and many countries already have a carbon tax including some U.S states. Next when a carbon tax will be introduced it will have to clearly state that shops that distribute a product that was made overseas will have to now report how much Co2 they emitted over seas and tax it when in comes in the border. Another false statement is the ideology that oil will last for another 120 years. Under current consumption which is rising dramatically every year as the world becomes more urbanized and developing countries start to need more resources Oil will be needed. The most oil can last for will be another 47 years. Even with more oil reserves found oil can't last much longer these oil reserves are predicted to be in remote places were no country has right over and even if they do the extraction cost would be very high. This just proves oil is unsubstantial. My Libertarians solution to it is allow the free markets to handle it. His theory is that Oil will gradually rise in prices and eventually it will be to expensive to use it so we will move to another source of energy. Thing is if our economy is dependent on fossil fuels now and will be unless something is done if we let the free markets work oil will rise so high that economy would crash, and we wouldn't have the time to shift to cleaner resources, because we waited to long. Canada has to institute a carbon tax now!
                      
                    One last point My Libertarian friend mentioned that Canada only emits 0.00000244666% this is a lie. Canada actually emits 2.3% of the worlds emissions although that is relatively small, but Canada is the 8th largest emitter and every other country of the world must reduce their CO2 emissions accordingly we can't just keep pointing at the biggest polluters which includes technically Canada for being responsible to reduce Co2 Emissions.