Compromises of Bali Roadmap |
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Authors: | Wang Jingmin Wei Dong |
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Affiliation: | 1. School of Business Administration, Shandong University of Finance , Jinan , Shandong , 250002 , China Jingminw@163.com;3. School of Business Administration, Shandong University of Finance , Jinan , Shandong , 250002 , China |
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Abstract: | Abstract The Bali Roadmap, as the breakthrough on inter-governmental negotiation of climate change mitigation, having brought United States on track, is still a result of compromises. The major compromises of the Bali Roadmap are centered around three issues of quantifying emission reduction targets, developing countries’ obligations as well as quantifying developed countries’ financial assistance in developing countries’ capacity building on climate change. It is found that the rationalities behind these compromises are the national interests. Due to the fact, achieving cohesion among all nations in climate change actions is very difficult. Therefore, the Bali Roadmap may lead to a tough way with distant hope. However, technology innovation and well-designed economic instruments would be helpful and supportive for further international negotiation and cooperation. |
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Keywords: | Bali Roadmap climate change international agreement carbon market capacity building |
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