President Barack Obama pressed China on Tuesday to follow the United States' lead in the global efforts to reduce greenhouse emissions, but the Asian giant appears to have a different take on the matter.

In a document submitted at the U.N. Framework Convention on Climate Change (UNFCCC), China, now the largest carbon emitter, insisted that the U.S. and other developed countries should bear the brunt of the economic repercussions of global carbon emission cutbacks, Fox News Reported.

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According to the document, the greenhouse emission cutbacks for developing countries will depend on the technological and financial support the West provides. In other words, the West should pay for the cutbacks emerging economies will implement.

China's stance totally contradicts President Barack Obama's invitation at the UN Climate Summit in New York for all countries to take part in solving climate change.

Emerging economies have already made significant carbon emission cutbacks and have, in fact, made greater contributions than developed countries, the document said.

Among other things, China insists that the Green Climate Fund (GCF), an international fund created to help countries become more resilient to climate change, should come from taxpayers' money instead of the private financing U.S. proposes.

GCF is a fund mostly sourced from developing countries. In the recent climate change summit, France has made the biggest contribution amounting to US$1 billion, with South Korea has pledged to put in US$100.

In addition, China proposes that the US$100 billion promised by the West to inject into GCF should serve as partial contribution only. In the long run, developed countries should commit at least 1 percent of their Gross Domestic Product.

The document is part of the international paperwork submitted by various countries in preparation for the global climate treaty that will be drafted in Paris in 2015, according to Fox News.

TagsClimate Change Summit 2014