US OK with National Mitigation Measures in International Climate Treaty
For the first time, the United States has agreed to recognize the national mitigation measures proposed by the developing countries in the proposed climate treaty.
For the first time, the United States has agreed to recognize the national mitigation measures proposed by the developing countries in the proposed climate treaty.
China, while indicating that it is ready to accept sectoral carbon emission cuts, has unveiled plans to build massive coal reserves in order to avoid counter any shortages in the near future.
World Bank has noted that any mandatory emission reduction targets could slow down India’s economic growth but India must consider voluntary sectoral emission reductions as developed nations have agreed to provide monetary and technical assistance.
India wants US to cut its carbon emissions by up to 40% by 2020, up from the 14% set by President Obama, but it has shown no intent of reducing its own carbon emissions.
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