North-South climate cooperation in need

According to the Bali Action Plan, a new binding agreement to reduce greenhouse gas emissions will be finalized at the 15th Conference of Parties (COP15) of the United Nations Framework Convention on Climate Change (UNFCCC) in Copenhagen in December to supersede the Kyoto Protocol, which is set to expire in 2012.

Recently, the European Union proposed that developed countries should contribute collectively to a climate fund by 2020 to help developing countries fight climate change. In fact, developed countries will have monopolized the so-called low-carbon technology by 2020, at which time the fund will become an "import credit" for developing countries to purchase methods and advances in clean technology.

Although most developed countries have their own plans, they reportedly claim that only if and when developing countries join the new framework to replace the Kyoto Protocol and open their clean-energy markets that the binding emissions targets on developed countries will be able to work in practice.