Here's the summary:
- Climate change is the greatest challenge of our lifetimes.
- Countries will enhance their cooperation to combat climate change and keep global temperatures from rising more than 2° C.
- Developed countries will provide "adequate, predictable and sustainable financial resources, technology and capacity-building to support the implementation of adaptation action in developing countries."
- The so-called Annex I countries committed to individual emissions targets that they would meet by 2020.
- Non-Annex I countries pledged to implement their own mitigation actions. They will communicate these actions every 2 years.
- Programs such as REDD-plus will provide financial incentives from developed nations to prevent deforestation and forest degradation.
- Developed countries will pay $30 billion between 2010 and 2012, with a goal of reaching $100 billion by 2020, to fund mitigation and adaptation efforts in developing nations. This amount includes REDD incentives.
- A High Level Panel will study how the money is being sourced.
- A Copenhagen Green Climate Fund will take care of transferring funds between parties, and a Technology Mechanism will "accelerate technology development and transfer."
- Finally, the accord asks that its implementation be assessed by 2015. Nothing legally binds anyone to do anything.
Oh, by the way: the a in Copenhagen is not pronounced aa but ay.