To improve the planetary political-legal system, it would be desirable to combine various international conventions and treaties into a single “International Code” regulating the relationships between states, corporations, communities and the individual. The UN and its institutions would require more dramatic reforms based on current conditions, as well as goals and visions of harmonious development of the global community.
If the time needed to reconcile the national and planetary interests in relation to other planetary resources is going to be as long and controversial as the Kyoto process, then planetary disasters, and the exhaustion of the limited energy and physical resources, will come sooner than the regulation and rational use of free goods provided by the natural environment. In order to overcome this contradiction - so that rational solutions could be achieved before the advent of destructive tendencies - it is necessary to accelerate the development and adoption of international legislation, and the whole system of planetary and continental institutions regulating appropriation of planetary resources. We need breakthroughs: in the field of supra-national law; in the development of continental and planetary institutions; and in the determination of the measure of national sovereignty, and general obligations to nature and to coming generations. Concerning the legal objectives of planetary governance specifically, they will not only focus on political institutions, but also regulate integrated planetary economy. Above all, they will include the normative-legal foundations of managing planetary resources and appropriating planetary rent.
Today, the bulk of natural resources belong to nation states, and they are regulated by their institutions, laws and economic traditions. Meanwhile, there are a lot of problems that require the reconciliation of national and planetary interests, actions, programmes and projects.