The new climate regime will lead to commitments only for developing countries, because the United States, which did not ratify the legally binding commitments under the Kyoto Protocol, continues to insist on a framework with nationally determined emissions reductions monitored at the global level. The unresolved issue is multilateral agreement, on the basis of a political decision, when one criterion does not suit all countries.
A bigger role must be found for improving energy efficiency in any new U.N. deal aimed at reducing greenhouse gas emissions, a leading China-based project developer said on Thursday.
