garethw said:
As to who is given emissions caps in subsequent commitment periods, this will be yet another massive political battle - China and India could plausibly qualify as transitional by then so be included under the JI at least...
Considering China and India as being countries with economies in transition and thus being applicable for the JI mechanism is a positive direction and is something I support.
I also think people need to stop calling for outright stronger commitments in the second commitment phase. For instance %40 reductions (as some are calling for) are just too high in my opinion. It’s a political firestorm and could have the opposite effect intended, i.e. if the obligations are too high, opposition parties in each Government will oust those in power and pull their countries out of Kyoto altogether.
The harder penalties is most likely to hurt the poor in each economy too, i.e. it's not just the evil industrialists who will be forced into submission as many of the environmental movement and anti-capitalist hardliners envision, rather its going to be those in the lower socio-economic regions, that are hurt the most, as costs will simply be passed on by the overly burdened businesses towards the consumers via an increase in prices to offset their rising costs.
If they are energy companies for instance, we will see spikes in our electricity bills during particularly hot or cold seasons.
This entire reduction of emissions goal needs to be carefully administered as to encourage participation rather than repeal it, even if we are failing with reductions initially, its better to have countries on board. We need to recognize this aspect before we call for harsher reform or dismiss Kyoto as a failure completely.