Global carbon market gears up for 2011 climate talks
The COP16 meeting in Cancun has been deemed a ‘technical success’ by market participants, but expectations were far lower in comparison to Copenhagen. Katie Holliday investigates
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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