www.bbc.co.uk 11th December 2010
A compromise has been reached at the climate summit in Cancun. A draft paper drawn up by the hosts of the summit, Mexico, found unexpected support among the countries that have caused the biggest problems in finding a successor to the Kyoto treaty, namely China, Japan, and the USA. As the spokespeople of each of these three stood up to endorse the paper, which states that carbon reductions are necessary and also establishes a fund to help poorer countries in their fight against the effects of global warming, other delegates cheered. The Green Climate Fund will spend $100 billion each year on developing low-carbon technologies in poorer nations as well as investing in infrastructure related to tackling the effects of climate change, such as flooding. Also in the paper are parameters to tackle deforestation. However, the deal is a lot less than many hoped for. Although a step up from the disastrous Copenhagen summit last year, it is unsure whether the Cancun deal will be legally binding. Tara Rao, senior policy adviser with WWF, is optimistic however. “There’s enough in it that we can work towards next year’s meeting in South Africa to get a legally binding agreement there,” she said. Bolivia was the most outspoken critic of the deal, with the President reportedly stating the agreement was ‘ecocide and genocide’. The Bolivian delegate has claimed that the deal will still amount to a rise in global temperatures of over 4 degrees C.