Cuncan Climate Change Conference Closes with Deal - Hit & Run : Reason Magazine

The United Nation's climate change conference here in Cancun came to an end at around 4 a.m. this morning. It would be cynical to call it a bribe, but the Cancun agreements were largely reached because the rich countries continued their vague promises to hand over $100 billion in climate aid annually to poor countries beginning in 2020.

Basically the deal on emissions is that countries will agree to agree on cuts at the next climate change conference in Durban. Big developing country emitters like China and India still refused to agree to any legally binding limits on their emissions. Of course, neither did the developed countries.