Reuters | COPENHAGEN | Sat Dec 19, 2009 | 6:43am IST
U.S. President Barack Obama reached a climate agreement on Friday with India, South Africa, China and Brazil. The deal outlined fell far short of the ambitions for the Copenhagen summit. Here are key points from the agreement, which is titled “Copenhagen Accord.”
* LONG-TERM GOALS
“Deep cuts in global emissions are required according to science…with a view to reduce global emissions so as to hold the increase in global temperature below 2 degrees Celsius.”
* LEGALLY BINDING DEAL
A proposal attached to the accord calls for a legally binding treaty to be pinned down by the end of next year.
* FINANCING FOR POOR NATIONS
The text says: “Developed countries shall provide adequate, predictable and sustainable financial resources, technology and capacity-building to support the implementation of adaptation action in developing countries.” It mentions as particularly vulnerable and in need of help are the Continue reading