Xinhua
December 11, 2010
CANCUN, Mexico, Dec. 11 (Xinhua) — The U.N. climate change conference finally came up with a way forward in the fight against global warming early Saturday after an all-night session, overruling objections from Bolivia.
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The agreement covers establishment of a new Green Climate Fund to help poor nations, measures to protect tropical forests and a mechanism for clean energy technology transfer to poorer nations. It also reaffirmed a commitment reached at last year’s Copenhagen conference to provide 100 billion U.S. dollars a year to help developing countries fight global warming.
The next climate conference will be held in Durban, South Africa, in 2011. According to Xie, the parties are confident about the South Africa conference. “We can step forward in South Africa, if we can continue to consolidate and carry on the spirit of unity and coordination formed at the Cancun conference,” he said.
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Bolivia rejected the two documents of the deal, saying they amounted to a blank check for developed nations because the commitments set were in documents which had not yet been published.



