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Edition: U.S. Article Comments (1) Slideshow Video Email Print Reprints Green Business DuPont's African backlash The derailment of DuPont's acquisition of a top South African seed company is emboldening activists opposed to creeping control by DuPont and rival Monsanto of the lucrative emerging market Full Article A day without genetically altered orange juice More Green Business news Read Sweden calls Stockholm blasts "terrorist attack" | 11 Dec 2010 Bernard Madoff's elder son dead in suicide | 11 Dec 2010 Climate Talks End With Modest Deal and Standing Ovation 11 Dec 2010 Murdered Alabama children were tortured: documents 09 Dec 2010 Elizabeth Edwards remembered for strength, grace 11 Dec 2010 Discussed 164 Obama unveils tax deal with Republicans 86 WikiLeaks founder Assange arrested in Britain 69 Special Report: STD fears sparked case against WikiLeaks boss Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Row over vote orgasm video Fri, Nov 19 2010 Bill Clinton backs Obama tax plan Fri, Dec 10 2010 Technology WikiPiques: Let’s all just calm down The drama to marginalize/silence/demonize WikiLeaks founder Julian Assange is playing out like a (bad) Hollywood script, but the stakes — to commerce, to free speech, to the freedom of the Internet — are quite real. It’s a good time to take a deep breath, writes John C Abell. Full Article WikiLeaks' Assange: highly skilled, deeply divisive WikiLeaks shows reach and limits of Internet speech More technology news Climate talks end with modest steps, no Kyoto deal Tweet This Share on LinkedIn Share on Facebook By Russell Blinch and Chris Buckley CANCUN, Mexico (Reuters) - The world's governments agreed on Saturday to modest steps to combat climate change and to give more money to poor countries, but they put off until next year tough decisions on cutting... Factbox Draft climate texts at Cancun talks Sat, Dec 11 2010 Related News Instant View: Cancun climate talks reach deal Sat, Dec 11 2010 Snap Analysis: Climate talks win lifeline, but may sink in 2012 Sat, Dec 11 2010 Analysis & Opinion How to make communities see green over REDD? What we should be taxing: greenhouse gases Related Topics World » Green Business » Related Video Climate deal made, Bolivia objects Sat, Dec 11 2010 1 / 18 Activists of Environment Greenpeace perform next to a giant life ring, during talks on climate change, in Cancun beach December 10, 2010. Credit: Reuters/Henry Romero By Russell Blinch and Chris Buckley CANCUN, Mexico | Sat Dec 11, 2010 10:34pm EST CANCUN, Mexico (Reuters) - The world's governments agreed on Saturday to modest steps to combat climate change and to give more money to poor countries, but they put off until next year tough decisions on cutting greenhouse gas emissions. The deal includes a Green Climate Fund that would give $100 billion a year in aid to poor nations by 2020, measures to protect tropical forests and ways to share clean energy technologies. Ending a marathon session of talks in the Mexican beach resort of Cancun, almost 200 countries also set a target of limiting a rise in average world temperatures to below 2 degrees Celsius (3.6 F) over pre-industrial times. But there was no major progress on how to extend the Kyoto Protocol, which obliges almost 40 rich nations to cut greenhouse gas emissions. The failure to resolve the central problem of emissions dismayed environmental groups. It was also unclear how the $100 billion a year for the Green Climate Fund will be raised. The first round of Kyoto expires in 2012, it does not include China and the United States -- the world's two biggest emitters -- and there is no consensus over whether developing countries should have binding targets to cut emissions or whether rich countries have more to do first. The main success in Cancun after two weeks of talks was simply preventing the collapse of climate change negotiations, promoting support for a shift to low carbon economies and rebuilding trust between rich and poor countries on the challenges of global warming. Major players were relieved there was no repeat of the acrimonious failure seen at the Copenhagen summit last year, but they warned there was still a long way to go. The Cancun accord builds on a non-binding deal by 140 nations in Copenhagen. "The most important thing is that the multilateral process has received a shot in the arm, it had reached an historic low. It will fight another day," Indian Environment Minister Jairam Ramesh told Reuters. "It could yet fail." "We have a long, challenging journey ahead of us. Whether it's doable in a short period of time, to get a legally binding deal, I don't know," the European Union's climate commissioner Connie Hedegaard said of a deal beyond 2012. U.S. President Barack Obama, whose domestic plans to legislate cuts in greenhouse emissions have stalled, said the Cancun meeting was a success and advances the world's response to climate change. Carbon offset markets worth $20 billion depend on Kyoto emissions caps to drive developed countries to pay for cuts in greenhouse gases in developing nations as a cheaper alternative to cutting their own greenhouse gases. The Cancun agreement would "build upon" such markets, giving them some support despite the doubt over Kyoto itself. Abyd Karmali, global head of carbon markets for the Bank of America Merrill Lynch said the deal lays the foundation for progress. But experts said that current pledges for curbs in greenhouse gas emissions were too weak for the 2 Celsius goal. 1 2 Next World Green Business We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (1) tangogo68 wrote: Bolivia alone had the moral backbone to put the long-term (people) ahead of the short-term (profits) — the Australian minister ‘for’ climate change is a dedicated procrastinator, a determined wrecker of any actual substantive progress towards an economic renewal based on science rather than denial & doubt — do the head-in-the-sand diplomats and politicians think that future generations won’t have access to historical information about who sold out their hopes for a lifestyle even nearly on par with the relative comforts and conveniences enjoyed by the current exploitative western civilization ? — the procrastinators like Greg Combet cannot hide from history, no matter how hard they try to dodge the future problems that they are working feverishly to ignore. Dec 12, 2010 2:27am EST -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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