Developed countries commit to economy-wide emission targets for 2020 while developing countries commit to mitigation actions. In the context of meaningful mitigation actions and transparency on implementation, developed countries also commit to provide funding for developing countries to help with mitigation and adaptation. As the Accord was “noted” rather than agreed to, there are no binding commitments. Nevertheless, the Accord makes clear the broad lines of a future agreement. Developed countries will commit to emission reduction targets, and developing countries, especially the larger more advanced ones, must take ambitious mitigation actions commensurate with their capability.