Agreement

U.N. Climate Change Talks Strike a Deal

After a two day U.N. conference in Cancun, a new negotiation has been created to further reduce carbon emissions and create a $1 billion Green Climate Fund—a World Bank trusted reserve that will provide money to developing countries desperate to reduce emissions. While countries such as the U.S., China, and Japan endorsed the new language drafted during the conference, nations like Bolivia questioned how effective this new route will be considering the lack of enforcement with the Kyoto Protocol and well as the non-inclusive manner in which the new deal was created. The Bolivian delegation said the new carbon emission reductions could cause “ecocide and genocide.”