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It is difficult sometimes, when one understands a situation but imperfectly, to make an accurate assessment of it; and such may be the case with some of those who have belittled the achievement of the United Nations climate conference which ended in Cancun, Mexico, a week ago.

There was no advance on the vapid pledges made in Copenhagen which were deemed to be retrograde

The best that can be said of the United Nations climate change summit in Cancun is that it could have been worse. The Mexican hosts managed to produce a document that all delegates were able to sign up to. It was not the diplomatic "car crash" that our own Climate Change Secretary, Chris Huhne, warned of as the summit was nearing its conclusion.

Environment Editor Michael McCarthy witnesses the successful conclusion of the UN talks on global warming – and explains why the deal is good news

In assessing the importance of the climate change agreement made in Cancun yesterday, we should not confuse relief with genuine cause for celebration. The talks did not break down in acrimonious failure, which would have been bad for the prospects of humankind's sustainable stewardship of the planet. But the hailing of the deal at Cancun as a "breakthrough" is premature and excessively enthusiastic. The essence of the deal was that all countries (apart from Bolivia and Cuba) agreed not to call it a failure. Yet discussion of all the difficult issues was postponed for resolution at a later date.

The US is still in the grip of its oil giants. But as Cancun closes, it is the emerging economies who could dominate the green market

More than 190 countries have struck an agreement at the latest round of UN climate talks that puts efforts to secure a new international deal to tackle global warming back on track.

Ministers and officials from nearly 200 countries appeared to be inching towards a new international deal on countering global warming in the UN climate talks in Cancun late last night, although the eventually outcome was still hanging in the balance.

The latest climate talks are at risk of achieving nothing

The United Nations summit on climate change in Cancun convened two weeks ago amid the lowest expectations of success. And it seems poised to deliver on them. The conference ends today and none of the delegates is even pretending that there is a chance that the meeting will produce a global deal on legally binding reductions to the carbon emissions that are driving global warming.