Many countries have been hesitant to increase their ambition for a variety of reasons. First, many countries aren’t confident that large emitters will make significant reductions, partially because these countries are either not parties to or have withdrawn from the Kyoto Protocol. Philosophical differences, domestic political constraints, and insufficient technological capabilities further hinder countries’ abilities to make emission-reduction commitments. Finally, the financial crisis in Europe and slowing of Asia’s largest economies have caused many nations to shift money away from clean energy and low-carbon development in favor of business-as-usual operations.
These economic realities have put the source of developing nations’ financial support in even greater jeopardy, making them hesitant to develop mitigation action plans. Some developing countries are also reluctant to address climate change because of competing concerns to address poverty and development.