I opened the PDF and failed to comprehend. This summary may be making some sense of it all:
this sounds reasonable to me. The U.S. is now expected to pursue some sort of decent climate policy. Also, it seems promising that China and India are in agreement.In a late night press conference at the close of the international climate negotiations in Copenhagen, President Obama declared that a "meaningful deal" had been reached with major emitting nations ...
Breaking free from the auspices of the UN's 190+ nation negotiating framework, major emitters, including the U.S., China, India, Brazil, and South Africa, appear poised to move forward with or without the rest of the UNFCCC nations.
Under the new pending agreement, a timeline to achieve a "legally binding" international treaty has been dropped and the President said that reaching such an agreement "is going to be very hard and it's going to take some time."President Obama also reminded the world that a "legally binding" international climate agreement is not, in the end, legally binding anyway, while repudiating the notion that "Science" can dictate and bind national economic and political decision-making.
... The framework of the deal appears to essentially be an agreement amongst major emitters to move forward with verifiable domestic actions to reduce carbon emissions and spur clean development, rejecting the abstract emissions targets and timetables that were the hallmark of the Kyoto protocol.