(Mexico)

Establishment of a New Green Climate Fund.

• The GCF will provide funding for projects, programs, policies, and other activities in developing countries. The GCF Board will oversee the Fund.
• The COP invited the World Bank to serve as interim trustee of the GCF, subject to review three years after the Fund's operationalization.

Establishment of Technology Mechanism

• In order to assist actions for climate change mitigation and adaptation the Technology Mechanism is anticipated to make it easier to implement greater action on technology development and transfer.

Agreement on a Framework to Reduce Deforestation

• The Cancun Agreements encourage industrialized nations to help developing countries identify and carry out REDD+ activities that may reduce greenhouse gas emissions from deforestation and land use change.
• They also provide guidelines for developing countries to do so. The accords just serve as a framework and do not bind any government to make any specific cuts.

Goal of Keeping Global Temperature Rise under 2°C

• This objective is crucial to the global conversation about striking a balance between the costs of action and the risks of climate change.

Adaption Fund

• Adaption fund was created to finance adaption projects in developing countries that are party to the Kyoto Protocol Kyoto Protocol and vulnerable to effects of climate change.