“…They further argue that one of the principles of a long-term climate change agreement should be equity in that per capita emission converges between the countries in the long-run. Several existing studies (e.g., Lecocq and Hourcade, 2012;Gaisford, 2010;Carraro (2010);Tol, 2005;Manne and Stephan, 2005) highlight this issue of equity in climate change negotiation. On the other hand, developed countries assert that without meaningful participation of developing countries, especially the emerging developing economies, such as China, India, Brazil, South Africa, achieving the objective the United Nations framework Convention on Climate Change (UNFCC)stabilization of atmospheric concentrations of greenhouse gases (GHGs) at a level that would prevent dangerous anthropogenic interference with the climate system-would not be feasible (Rong, 2010;Timilsina, 2008).…”