During the New Energy Finance Conference, Stern said binding international treaties are unnecessary because only national laws and regulations ultimately prove binding.
FORBES: UN Climate Chief Dismisses US Threat To Abandon Negotiations
Later this year, they are hoping to launch a new climate and energy package that would set tough binding emissions reductions targets through 2030.
CNN: Eurozone woes push climate reform to backseat
These included an evaluation of whether voluntary agreements made by the energy companies in April should be "made binding" through legislation.
BBC: David Cameron stands by 'lowest' energy tariff vow
Last March, the European Union's member countries agreed to a binding target to boost overall renewable energy use by 20% before 2020.
FORBES: Getting Power From Salty Water
Its strategy is determined by the UK's legally binding EU target of achieving 15% of total energy from renewable sources by 2020.
BBC: Call for clarity on wind turbines
In an energy-efficiency plan released with its road map, the commission talks of making the goals binding in 2013.
ECONOMIST: Europe's climate policy
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