The surprisingly positive conclusion at Cancun was as much about the process as the substance of the two key texts that are now in place to advance the negotiations over the next year leading to Durban. There were standing ovations at the transparent and inclusive process that brought the year of negotiations to a close, putting some of the bad feelings of Copenhagen behind us.
However on the crucial details of climate finance, we are scarcely any further along, apart from some progress in establishing initial institutions for the new Green Climate Fund and enhancing transparency. In spite of many concerns expressed throughout the year, deeply problematic language was copied verbatim into the Cancun Agreements from the Copenhagen Accord text. An opportunity was lost to clarify what has been agreed in Copenhagen. Continue reading