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New global climate change regime
♤ India had gone to Durban with two major demands — that the principle of equity remain intact in any new climate regime and that this new global deal be launched after 2020.
Outcome
♤ New deal to be finalized by 2015 and launched by 2020
♤ Second phase of Kyoto Protocol secured
♤ Green Climate Fund launched, though empty as yet Green tech development mechanism put in place
♤ Equity finds place back in future climate talks
♤ Adaptation mechanism
♤ Transparency mechanism
♤ Secures 10 years of economic growth without carbon containment Intellectual Property Rights and technology not as well anchored in new deal
♤ Loopholes for developed world not fully blocked
♤ Agriculture brought in by developed nations under climate change