Global carbon market gears up for 2011 climate talks

Katie Holliday
10 Jan 2011

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The United Nations Framework Convention on Climate Change's COP16 meeting in Cancun saw governments agreeing a series of measures including setting-up a new fund to help oversee $100 billion in annual aid to developing nations from 2020 and a mechanism to slow deforestation and help poor countries adapt to the impacts of climate change.

The agreements made at Cancun in December build upon elements of the non-binding Copenhagen Accord, agreed among 140 nations in 2009, into a wider UN deal

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