The Association of Small Island States (AOSIS) this morning released a new, overarching proposal for fulfilling the mandates of the Bali Action Plan, and setting legally binding targets for developed countries post-2012.
The draft sets out a pathway to (a) modify the Kyoto Protocol; (b) introduce a new Copenhagen Protocol; and (c) take immediate decisions on a few specific measures (such as so-called "fast start financing" for LDCs), in order to achieve its overall goals.
The proposal is distinct from the proposals by Tuvalu which were (re)tabled over the last few days under provisions in the UNFCCC and Kyoto Protocol that allow for amendments.
The AOSIS text, by contrast, suggests a way of answering the full requirements of the Bali Action Plan.
In this sense, it's a peer of - and an alternative to - the Danish Proposal that was leaked on Tuesday, and the so-called BASIC draft prepared by Brazil, South Africa, India and China.