Friday marked the last day of COP 16—the 16th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change. Following last year’s disastrous conference in Copenhagen, delegates from 193 countries met in Cancun with little fanfare and low expectations. The Cancun Agreements, drafted and released Saturday morning,are actually being met with general satisfaction.
On the positive side,the agreements are laudable: emissions reduction, limits to deforestation, financial support for countries affected by climate change. According to the Economic Times, global temperatures are to be restricted to a rise of 2 degrees C (3.6 F) over pre-industrial levels. Wealthy countries are to cut their emissions by 25-40% by 2020 over 1990 levels. In addition, as Grist describes in a surprisingly supportive article, the changes that developed and developing countries must make to their systems of monitoring and reporting on emissions. For example, developed countries will have to submit annual reports of their emissions, and developing countries will have to report every two years on their progress in cutting emissions.