Desperation amidst the arrival of Obama and other heads of state seemed to galvanise efforts in the final moments of the Copenhagen Climate Summit yesterday but do we have a deal?

Ok agreements were reached which were broadly in line with some hopes, but it is questionable as to whether any of it is legally binding. Targets also are a bit thin on the ground and there would appear to be so much dissagreement outside the US, China and India ie especially South America that you wonder whether this will hold up at all.

We should try and be positive in that reaching a deal of sorts does at least enable the commitment to fund developing countries and enable them to start adapting and making changes and meet their development targets. In addition if China and the US start taking the whole climate  and CO2 emissions thing seriously that will have an impact and will lead to further committments, of that I am sure.

The big question now is that even if countries are bound to these agreements, will they stick to them or will they eventually be watered down? And of course as the deal does not go far enough in any case, is it too little too late?