According to the ideas of free-market environmentalism,why might the Kyoto Accord have been doomed to fail?

Question

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Free-market environmentalism is based on the idea that environmental problems can be solved through market mechanisms rather than government intervention. Therefore, imposing limits on emissions and enforcing them through regulatory bodies would increase costs for businesses and reduce profits. The Kyoto Accord did just that; it placed limits on emissions and required participating countries to reduce their greenhouse gas emissions. This approach was contrary to the principles of free-market environmentalism and therefore was seen as a threat to the market. As a result, it was likely to fail.

According to the Ideas of Free-Market Environmentalism,why Might the Kyoto