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"We need a legally binding commitment from the US.
Pearson and supporters are seeking a 10-year binding commitment from the government.
"We have to see that we can get a clear, possibly binding, commitment from the IMF... We've always said that has to be feasible.
"[Energy and climate secretary] Ed Davey's efforts to eliminate overseas funding for coal power generation are very welcome, but the UK could do a lot more to push for a binding commitment from the OECD to phase out funding for all high carbon projects.
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A prerequisite for the United States agreeing on a pact with mandatory measures, he said, would be binding commitments from the largest developing countries.
It has been tempting to see the Macklowe-Icahn late bid as more of a nuisance than a serious effort, given the lack of a binding commitment from Icahn and Macklowe and the possibility that, following due diligence, the team might change their bid.
Of that money, $2.5 billion would be paid in capital; the balance would be in the form of a legally binding commitment from Congress to guarantee loans.
While the administration's efforts on clean energy and efficiency thus far are notable, world leaders gathered at the summit know that there's no dice without a binding commitment from Congress.
A proposed 2025 deadline for the elimination of all nuclear weapons had been scuttled by the nuclear weapons states, he noted, as had a proposal for a legally binding commitment from states with nuclear weapons not to use them against those without.
It required a strong binding commitment from developed countries to reduce their greenhouse gas emissions from initial emission levels in 1990 to individually assigned levels through the first 5-year commitment period, 2008 to 2012.
The new agreement aims to obtain credible and fair emission reductions and legally binding commitments from all countries – with the most advanced economies making the most ambitious commitments.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com