15 The Convention track: Bangkok sessions, October 2009 Mitigation Developed countries want: framework for planning, such as low-carbon development strategies, for all Parties monitoring, reporting and verification system Developing countries: Binding mitigation commitments for developed countries only Positive signals coming from Brazil, China and India Finance Little movement on amount of finance to be made available Developed countries want private sector to play significant role Developing countries want to cap the role of private markets Disagreement on financial architecture: new, existing or combination
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