This time, they have proposed a formula of «concentric differentiation» that sets out three main bands of responsibility: rich developed nations in the centre with large mandatory emission cuts, poorer nations on the outside with zero obligations and great flexibility, and emerging economies in the middle with a basket of options for
significant voluntary reductions.
Not exact matches
«These [
voluntary] activities have led to
significant reductions in emissions from some companies and some industries, but overall have not had a
significant effect on emissions at the national or regional level,» Bernstein says.
A promising development is that last year the Federation of Electric Power Companies, the industry association representing the 10 largest electricity generators in Japan and 19 suppliers, agreed to limit their emissions by 35 percent by 2030, which is a
voluntary but
significant reduction and may increase demand for JCM project credits.
Others saw Copenhagen as a success for achieving agreement on the long - term goals of the UNFCCC, new
voluntary commitments from many developing countries, new levels of cooperation from China on verifying its
voluntary emissions
reductions commitments, and promises to mobilize
significant amounts of money for adaptation in developing countries.