What happened through the last long night of the Cancun talks?

The most recent news I can find suggests the Greens are partly happy, which means more money must be going to flow from the people to the bureaucratic machinery, though nothing appears to be confirmed. Ponder the power of 100 billion dollar pledges. It buys a lot of PR advertising and school propaganda, and creates millions of active patrons as jobs and industries are established that are wholly dependent on keeping the big-scare-campaign going. The ambit claim of “1.5% of GDP” appears to have been dropped.

The saving grace of this fixed monetary commitment ($100b vs 1.5%) , if it is confirmed (and if you can call it a “grace” of any sorts), is that by 2020, $100 billion may not buy much, thanks to rampant inflation on the way. Feel the relief?

See UPDATE 2 (at the bottom): It appears nothing has been signed, and the future promises are just more “talks”. But, $100 billion has been pledged each year …? If so, that’s a win for the climate industrial complex and the bureaucrats, but will be painted as a quiet partial step forward. It’s not as big [...]