That's a little simplistic. Most greenhouse gasses are produced by the trappings of developed nations, ie. massive energy consumption per capita (home consumption, SUV's and stuff). Of course industry is a big offender, but the very worst offenders (ie. in Canada the oil sands in Alberta) are not factories you can just pick up and move to Bali. Sure, some may do that, but it's not black and white. Personally, I see the glass as half full, it's not perfect but it's better to try where there is a global consenus (160 countries for - Dubya and John Howard in Australia, and now Steve - against) and come up a little short than do nothing. Developing nations will NEVER sign on to anything like Kyoto anytime soon, and frankly they shouldn't - they are not the main offenders and produce a fraction of GG.
Oh, and FWIW your position is a carbon copy of this guys: