China Executive Insight - Issue 1, 2011/02
The Cancun climate change conference in December brought the United Nations (UN) negotiating process back from the precipice. Progress was made in the areas of formalising targets made in Copenhagen, capturing major developing-country commitments to action and promising significant financial resources for poor nations. Perhaps most significantly, Cancun delivered a roadmap for action that revolves around national plans, intensified reporting requirements and the potential for future market-based approaches.