With relations between countries now being shaped by geo-economics rather than geo-politics, an emerging issue is to what extent the United States, China and India, all populous countries and top tier economies, see their national interest in giving a new meaning to words like “responsibility”, “development” and “growth” by shifting the focus from the twenty year old formula of burden-sharing for environmental degradation to modifying longer term trends in resource use, and developing a global vision for ‘sharing responsibility and prosperity’.

Redistribution has been kept out of the agenda of the United Nations, and a new global agenda,  goals and rules to share responsibility and prosperity can lead to a new world 

Mukul Sanwal[1]

For growing economies the stress has to be on patterns of natural resource use and not on the status of natural resources; that is, dealing with the causes rather than the symptoms of the problem of climate change. The time has come for rapidly growing Asia to distinguish between the global, regional and national aspects of climate policy, recognize the linkages and shape the deliberations for the new climate regime by taking substantive measures at home.

What you measure determines policy

Another round of the annual climate meetings is going to take place and the most ambitious outcome will be limited negotiations on some elements, because there is as yet no shared vision of the problem and what to do about it.

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.

The underlying issue is not trade rules but the global climate regime

The concerted opposition to the EU push towards forcing foreign airlines landing in Europe to become a part of its emissions trading scheme has led to an unexpected development, whose implications extend to setting the global climate agenda.