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Saturday, December 11, 2010

UN Conference Yields Climate Deal

from TheStreet.com


UN Conference Yields Climate Deal: "

By Arthur Max

CANCUN, Mexico -- A U.N. conference on Saturday adopted a modest climate deal creating a fund to help the developing world go green, though it deferred for another year the tough work of carving out deeper reductions in carbon emissions causing Earth to steadily warm.

Though the accords were limited, it was the first time in three years the 193-nation conference adopted any climate action, restoring faith in the unwieldy U.N. process after the letdown a year ago at a much-anticipated summit in Copenhagen.

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