FACTBOX: Main Points Of The Copenhagen Accord

U.S. President Barack Obama reached a climate agreement on Friday with India, South Africa, China and Brazil. The deal outlined fell far short of the ambitions for the Copenhagen summit.

Here are key points from the agreement, which is titled “Copenhagen Accord.”
* LONG-TERM GOALS

“Deep cuts in global emissions are required according to science…with a view to reduce global emissions so as to hold the increase in global temperature below 2 degrees Celsius.”

A proposal attached to the accord calls for a legally binding treaty to be pinned down by the end of next year.

* FINANCING FOR POOR NATIONS

The text says: “Developed countries shall provide adequate, predictable and sustainable financial resources, technology and capacity-building to support the implementation of adaptation action in developing countries.”

It mentions as particularly vulnerable and in need of help are the least developed countries, small island developing states and countries in Africa.

“Developed countries set a goal of mobilizing jointly $100 billion a year by 2020 to address the needs of developing countries. The funds will come from a wide variety of sources, public and private, bilateral and multilateral.”

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