Achievements of the climate conference include:

• Reducing Emissions from Deforestation and Degradation - an agreement that could play a role in helping prevent deforestation of developing nations by paying poorer nations to stop cutting down forests;
• Establishment of a fund that will raise and disburse $100bn a year by 2020 to protect poor nations against climate impacts by assisting with low-carbon development.
• Mechanism to transfer low-carbon technologies to developing countries.
• Developing countries will have their emission-curbing measures subjected to international verification - when they have received the funds they have been promised by the west.

"Today's result chases away many of the ghosts of Copenhagen. Although the result is very far from perfect, the Cancun climate talks took real steps forward, including establishing a new global climate fund. Unfortunately Canada was singled out as a laggard among its peer countries, particularly on the question of the second phase of Kyoto," said Pembina Institute Policy Analyst Clare Demerse.

The next Conference of the Parties to the UNFCCC is scheduled for Durban South Africa from 28 November to 9 December 2011.