The Political Economy of UNFCCC's Bali Climate Conference: A roadmap to climate commercialization.

Md Shamsuddoha and Rezaul Karim Chowdhury critically review the key elements of the UNFCCC Climate Change Conference held in Bali, Indonesia in December 2007, which was intended to formulate a climate action roadmap to replace the Kyoto Protocol in 2012. They argue that the transition plan for replacing the Kyoto Protocol aims to engage big business and the global financial institutions without committing any parties to tangible emissions cuts. They counter the concept of 'climate commercialization' on which Bali climate talks eventually fell, and argue the urgency of the reduction of greenhouse gas emissions. [ABSTRACT FROM AUTHOR]