These are important advances for the transparency of the climate regime and many operational elements will need to be developed and adopted in 2011. (Hilary McMahon) A long-term common vision of the Cancun Agreement aims to limit global warming below 2 degrees Celsius above pre-industrial levels. It also recognises the need to strengthen this target on the basis of scientific progress and to consider a target of 1.5oC at a later date. The common vision of the Cancun agreement is not about an explicit long-term goal of reducing greenhouse gas emissions, atmospheric GHG concentrations or a peak year. Instead, it postpones such a decision to the next meeting. (Kelly Levin) Important negotiating blocs and important countries were able to see the final agreement as at least one of their main priorities, while remaining flexible with other parties to find common ground. The Presidency of the Conference of the Parties (COP) managed to put in place a package that committed everyone to compromise, but not to the point that a country could not approve the final package. Cancun`s decision also establishes an “international assessment of emissions and absorptions related to macroeconomic targets for reducing quantified emissions” for Schedule I parties. This should be “rigorous, robust and transparent in order to promote comparability and build trust.” The text focuses on land use, land use change and forestry (UTCATF) and emissions credits from market-based mechanisms, which are key issues, taking into account international experience, namely the Kyoto Protocol and other agreements. As the WRI analysis shows, it is essential to pay particular attention to the implementation of a transparent and effective system. The decision also provides a mandate for industrialized countries to develop low-carbon development strategies or plans.

(Kelly Levin) The Cancun Agreements have created a new technological mechanism that is an important step forward for international cooperation in the field of technology. He stresses that countries intend to increase the importance of the development and use of clean technologies in the climate framework. However, there have been gaps and problems that need to be resolved before the next round of climate talks in Durban, South Africa, in 2011.