Slide 8 of 16
EIT - differing baseline years other than 1990 for reducing emission to, due to economic changes as a result of their transition to a market economy from a centrally planned economy
Stands to gain considerably from an emissions trading regime.
OPEC - Organization of Petroleum Exporting Countries (stand to lose if demand for oil goes down - wants to be compensated for loss)
AOSIS - Alliance of Small Island States (to be swamped by sea level rise)
economic and social development is still #1 priority of developing countries - they want developed countries to start doing something about climate change, since they started it (only 15% of emissions was from developing countries in 1996), before they begin to discuss their own commitments.
developing countries see ‘flexible measures’ as a way of circumventing the spirit of the agreement by transfering the responsibility for combating climate change to them - the developed world will just buy its reductions from the less developed nations and not really change its own ways.