Cancun Climate "Deal: A Mirage of Progress

Not perfect, no treaty, not binding, fails to establish a firm date for negotiators to reach a conclusion on a new climate treaty, but a deal has been struck. The agreement says that developing countries will have to take "nationally appropriate actions" to curb their emissions by 2020. Hence, developing nations don't have to take targeted emission cuts like their developed counterparts. And the developed countries need not have any legally binding commitments.  A compromise to accommodate everyone (almost everyone, except for Bolvia)  ......The deal  made a grab for the lower hanging fruits and includes a Green Climate Fund that would give $133 billion a year in aid to poor nations by 2020, measures to protect tropical forests and ways to share clean energy technologies. These are sops to the developing countries for their part in the compromise. The only problem is that the details in operationalizing these measures are still not finalized.

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