Key aspects of Durban agreement outlined

The latest climate change agreement, wrestled into shape in Durban by the international community has been hailed by some for putting into place the roadmap for a legally binding agreement […]

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By Tom Gibson

The latest climate change agreement, wrestled into shape in Durban by the international community has been hailed by some for putting into place the roadmap for a legally binding agreement by 2015 and criticised by others for putting off vital measures.

So what did COP17 achieve? Here are some of the main measures:

Green Climate Fund- Already established, the fund aims to help developing countries set up clean energy futures and is likely to be ready by 2012. The fund is expected to be worth $100bn a year. A programme on long-term finance was also agreed, which will contribute to the scaling up of climate change finance in the future.

Adaptation Committee- Composed of 16 members, the group will aim to act on climate adaptations. National Adaptation Plans will allow developing countries to assess and reduce their vulnerability to climate change. The most vulnerable countries will receive better protection against loss and damage caused by extreme weather events related to climate change.

Technology Mechanism- established back in 2010, the mechanism hopes to facilitate the implementation of technology development and transfer in order to support action on mitigation and adaptation to climate change. This will come online in 2012.