Despite reaching a 'meaningful' agreement late this evening, world leaders have failed to fulfill their ambitions to reach a comprehensive political framework for reducing greenhouse gas emissions, according to the FT.
Listening to Barack Obama's press conference, it is clear that he is leaving Copenhagen with little optimism. A legally-binding international agreement, with substantial cuts in emissions pledged, and mechanisms in place to formally verify compliance, is a long way off.
Have a nice weekend.
