Global carbon market gears up for 2011 climate talks

Global carbon market gears up for 2011 climate talks

Cancun beach

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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