Slide 15 of 16
the US Senate may not ratify this as no commitments were made by developing nations and the fear is loss of jobs and revenues if businesses relocate to areas without pollution limits
developing nations are slated to produce 55% of emissions by 2030
no details on how to meet targets, or on what the penalties will be and how they will be enforced
no details on implementing permit system, including how they will be initially allocated and the trades monitored
no details on funding mechanism for developing nations (GEF not yet under COP control)
bunker fuels - who is responsible - transporter, charter, fuel seller?
not much interest in compensating OPEC