The Cancún climate summit didn't bring a new deal for post 2012 (the Kyoto protocol ends in 2012). It brought an agreement to take some modest steps to combat climate change and assist developing nations. It established a $100 billion a year Green Climate Fund to help poorer nations adopt low-carbon technologies, adapt to climate change and protect the world's forests.
It was also agreed that average global temperature should not rise above 2ºC above pre-industrial times and to share information about clean energy technologies.
We will have to wait for South Africa in 2010 for a successor of the Kyoto Protocol that attributed a legally binding target to the world's richest nations, with the exception of the US, to cut their greenhouse gas emissions since Japan, Canada and Russia refused to discuss extending the Kyoto Protocol in favour of a new deal including the US, China and India in this summit.
More information: COP16: Cancún talks end with modest climate deal
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