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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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” —Maldives President Mohamed Nasheed. “ Every country arrives at the negotiation seeking to keep their own emissions as high as possible ,” complained Maldives president Mohamed Nasheed, whose country is an AOSIS member state, at the Climate Vulnerable Forum earlier this month. We can’t run away from it.”

Climate 236
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Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

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Island states like the Maldives and Grenada argue that a 2 °C target, which is considered by many scientists to be the safe upper limit for warming, will still result in a high enough sea-level rise to wipe them from existence. Other transaction costs include the search of partners, the drafting of contracts, legal assistance, etc.