Climate policy update: What the Cancun Agreement means for business
After twelve long days and nights of meetings and negotiations, Minister Espinosa's gavel came down for the final time just after 6am on the morning of Saturday 11 December. The 'Cancun Agreement', a collection of 26 agreements supported by 193 countries, had been adopted.
In this briefing, we analyse the key outcomes of the Cancun Agreement and their implications for business, carbon markets and investment, internationally and within Australia. We also explore the perspectives from China and Brazil, key countries in the context of climate change, and the road ahead to Durban, South Africa in 2011.