United Nations talks in Mexico’s Cancun on Saturday saw the adoption of a deal to try to tackle climate change, including a fund to assist developing countries.
Despite objections from Bolivia, who said the deal did do go far enough, compromise texts drawn up by the hosts were approved.
The draft documents state that deeper reductions in carbon emissions are necessary. However, they do not establish a mechanism that will make sure that countries stick to the pledges that have made.
Pablo Solon, the Bolivian chief negotiator, said the agreement would not be able to save the planet from the effects of climate change.
“We cannot go along with a text that guarantees an increase in temperature to 4C,” he said. “This is tantamount to making us responsible for a situation my president has described as genocide and ecocide,” he said.
"What we have now is a text that, while not perfect, is certainly a good basis for moving forward," chief U.S. negotiator Todd Stern said.
The Green Climate Fund approved at the talks will raise and disburse $100bn a year by 2020 to protect poorer state nations against the impact of climate change and help them with low-carbon development.
MOSCOW, December 11 (RIA Novosti)
