The Copenhagen meeting has produced an agreement, though it’s more of an “agreement to agree” than a concrete deal. Most of the specifics have been left for later. That’s problematic of course, but not as bad as an agreement on specifics that are too weak to achieving anything. The deal (draft text here has several important elements
* A warming target of 2 degrees
* Commitment by the developed countries to spend $30 billion over 2010-12 and aim for $100 billion a year by 2020 in assistance to developing countries with a particular focus on preventing deforestation
* A technology transfer mechanism
Of these, the most significant is probably the deal on deforestation, which has actual money (or at least commitments) attached. Assuming this happens, it’s an outcome more significant than that of any international conference in the last decade at least. And technology transfer is important in a number of ways, particularly as a countervailing force against the pressure for ever-stronger intellectual property protections.
I’m a bit surprised, in that I thought the payments to developing countries would be one of the hardest issues of all, whereas the biggest single sticking point seems to have been China’s objections to transparent monitoring – the kind of silly national sovereignty stuff that is par for the course at these meetings but usually gets smoothed over and traded away by the end.