Nations reach agreement on climate change

NEW YORK (MarketWatch)—Delegates from nearly 200 nations, meeting in Lima, Peru, on Sunday signed off on a working plan for an international global warming deal.

Negotiations ran into overtime and the deal was signed 33 hours behind the schedule, as country representatives debated what kind of information to include in their pledges for the global agreement to be sealed in a Paris next December.

Countries were able to agree on mostly technical aspects of the deal during the two-week long conference in Lima, while the larger issues were pushed back.

According to the agreement nations, will submit their domestic plans for fighting climate change beyond 2020 to the United Nations by an informal deadline of March 31 to help lay the groundwork for a Paris Accord. – Top Stories

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