India and Japan clash on the Kyoto swindle: Because it's much more fun *receiving* swindled cash than it is to cough up that cash

The Ghost of Kyoto Visits Cancún - NYTimes.com

But just two days into the two-week treaty conference here, gloom has already spread among climate campaigners and treaty supporters.

The main source this time is Japan.
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[Kuni Shimada, the special adviser to Japan’s environment minister] “Whatever happens, under any kind of conditions we do not accept a second commitment period.”
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The protocol is extremely important to dozens of developing countries that have received substantial sums for emissions credits earned under the agreement’s Clean Development Mechanism. They’ll never sign a new global accord unless those money flows are sustained (on top of tens of billions of dollars being sought to help poor countries adapt to human-driven climate change).
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One of the best barometers of prospects here lies elsewhere, in the carbon markets. BusinessWeek’s excellent roundup of developments in the talks, and their implications, notes the widening spread between the value of a ton of avoided greenhouse emissions in European carbon markets, which the European Union has committed to perpetuating, and credits under the troubled Kyoto mechanism.

The magazine reported World Bank data showing that the global market in Kyoto credits dropped by more than half from 2008 to 2009, when $2.7 billion flowed.

India Proposes a Monitoring System for All Big Emitters - NYTimes.com

In proposing a system that the United States and China might agree upon, Ramesh in no uncertain terms told U.S. climate envoy Todd Stern and Deputy National Security Adviser Michael Froman that money and technology assistance to developing countries must be part of any deal on formulating a transparent system. Moreover, he said, extending the 1997 Kyoto Protocol beyond its expiration date in 2012 is a key element to any agreement.

"Let me also say that without a firm commitment to have a second commitment period for the Kyoto Protocol and improved mitigation pledges from the USA, the [transparency] framework I am suggesting simply will not fly," Ramesh wrote.