UN climate official: do more to cut emissions

UN climate official: do more to cut emissions: "The Cancun agreements established a Green Climate Fund that will be the main channel for delivering $100 billion a year in climate aid to developing countries from 2020. They also created a mechanism for giving them green technologies and set a framework for paying countries to preserve forests.

Under the accords, wealthy countries also are due to report by next May how much they will contribute toward an emergency $30 billion fund for developing countries to develop strategies for coping with global warming and to build their own low-carbon economies.

From the U.S. perspective, Stern said, the biggest achievements in Cancun were getting all countries, including China, India, Brazil and other rapidly expanding economies, to commit to climate action and outlining a system of reporting and verification to ensure those commitments are met."