Briefing the press at the end of the two-week conference, Yvo de Boer said an accord has been reached that has significant elements, but that is not legally binding.
He described the accord as “politically important,” demonstrating a willingness to move forward. It brings together a diversity of countries that have put in place a letter of intent with the ingredients of an architecture for a response to climate change.
The key points of the accord include the objective to keep the maximum temperature rise to below 2 degrees Celsius; the commitment to list developed country emission reduction targets and mitigation action by developing countries for 2020; USD 30 billion short-term funding for immediate action till 2012 and USD 100 billion annually by 2020 in long-term financing, as well as mechanisms to support technology transfer and forestry.
The challenge now is to turn what is agreed into something that is legally binding in Mexico one year from now.
Press release: http://unfccc.int/2860.php