ABSTRACT
For over a decade, governments and observers have struggled with establishing an appropriate form of participation in the international climate regime for developing countries. Industrialized countries, for their part, have largely acceded to a system of fixed emission limits, coupled with market-based trading mechanisms, through the Kyoto Protocol to the UN Climate Convention. For a variety of reasons, developing countries have shown little inclination to join such a system. In particular, GHG targets – Kyoto-style fixed targets and even some alternative target formulations – seem to be viewed by many countries as a threat to development aspirations.
