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The Copenhagen Accord sets targets for reducing greenhouse gases worldwide. President Obama, arfter meeting with Chinese Premier Wen Jiabao, Indian Prime Minister Manmohan Singh and South African President Jacob Zuma, formally announced that an agreement had been struck. Some of the specifics include:
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The developed countries will commit to providing $100 billion a year by 2020 "to address the needs of developing countries." The amount is needed to provide a truly global effort at reducing greenhouse gases.
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The countries recognize the vital role of reducing deforestation, which is a major contributor to greenhouse gases.
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