I have long touted that we need regulatory sticks, and not the carrots at best of Carbon exchanges, or the toothless Jell-O of Paris Accord agreements.
Mainly, I've said that one of three countries/groups in the world needs to adopt a serious carbon tax PLUS carbon tariff on imports. The WTO allows this; Paul Krugman was saying this at the same time I did.
You have to have a country big enough for the tariff to affect a lot of other countries, of course. That leaves the U.S. and China, and maybe Japan, and the EU as a group, if its individual member states would agree to a bloc-wide policy. Individually, Germany just doesn't have the throw weight, I think, though it might from how interconnected EU trade is. On the other hand, for both better and worse, this might finish shattering the EU.
A bonus of a carbon tariff is that it makes a domestic carbon tax more palatable.
Of course, were the US to go this route, measuring carbon emissions elsewhere, especially with, say, a China that won't admit its own general air pollution problems, would be tough.
Not any more.
Enter Climate TRACE. Per Yale Climate Connections, it allows a much greater degree of tracking carbon emissions than before. I don't know if it's quite granular enough to meet my ideas. That's doubly true if it relies in part on voluntary participation. But it's still a big leap forward.