An agreeable mood has been reigning in the Trading Group for most of negotiations. Agreements have been reached at a consensus despite the differences between the participating countries. However, that does not take away from the points of contention that keep surfacing. South Africa took upon itself to oppose China on the issue of the number of CDM projects that should be allowed per country. Should there be a set threshold? SA believes there needs to be a set limit per country to avoid specifically China to hog all the lucrative projects. Even though the pressure of coming up with a draft is mounting, issues keep coming up. How much will afforestation cost per year? Should concessions be made to the US in their pursuit of safe nuclear on the condition that the US supports the rest on some other issues? Which body should be assigned with the responsibility of approving nuclear projects for CDM?
The group made a strategic move to allow writing of the first draft to the Chair and the Secretary. Either the participants have no problems to trust their heads or they are planning to pull the document apart for the appropriate wording at a later stage…
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