So if industry both drives our economy and produces carbon. How are we going to generate the money to pay some nefarious international body?

Of course the cost of living will increase for private citizens who have little to no control over the carbon they generate.

Will any government regulate a reduction in plastic packaging?

Will any government regulate that all consumer products must last at least 20 years before they are disposed and replaced?

Will any government create a standard tool to measure carbon production for each  citizen so we can compare and really see who generates more carbon?