The White House said Friday that the U.S., China, India and South Africa reached a "meaningful agreement" for combating climate change. The deal was described by an administration official as "not sufficient to combat the threat of climate change but it's an important first step."
The White House official said developed and developing countries have agreed to listing their national actions and commitments to reduce greenhouse gas emissions. There will be a mechanism to funnel money to help developing nations pay for technology and projects to cope with the affects of climate change, such as rising sea levels. The agreement sets a target of two degrees Celsius for the increase in global temperatures.