The European Union welcomes the positive results of the United Nations climate conference held in Cancún from 29 November to 11 December 2010. The Cancún Agreements, a balanced and substantive package of decisions adopted at the end of the conference, represent an important step on the road to building a comprehensive and legally binding framework for climate action for the period after 2012. They strengthen the international climate regime, including through new institutions and funds.
Connie Hedegaard, European Commissioner for Climate Action, said: "The EU came to Cancún to get a substantial package of action-oriented decisions and keep the international climate change negotiations on track. We have helped to deliver the successful outcome the world expected and needed.
But the two weeks in Cancún have shown once again how slow and difficult the process is. Everyone needs to be aware that we still have a long and challenging journey ahead of us to reach the goal of a legally binding global climate framework".
The EU, the world's leading aid donor, presented a full and transparent report in Cancún on its delivery of fast start funding to support developing countries.
The Cancún Agreements build on the December 2009 Copenhagen Accord and also set out processes for making further international progress in combating climate change in the future. They represent a balanced compromise between different interests within the United Nations system.