Upshot of which we have another document that basically says there is a problem and something needs to be done about it, without implementing any real actions to do anything meaningful (and certainly nothing legally binding, so they couldn't back out when the economics don't work out in their favour). The only real compromise seems to be from the developing countries forced into doing so for their own survival as they get hit sooner by the serious impacts of climate change. To top it all off, it wasn't even approved, only ratified.
It may be a "historic first step", but if the steps are all going to be this small, we're going to have to make a lot of them and very quickly. Rather than doing anything to tackle the issue at hand we've opted for the dragging our feet in a global "lets cut emissions, you go first" strategy.
Why did it end up like this?
We live in a system focused on promoting ones own profit rather than sharing resources equally between those that need them. However much the politicians wanted to put in place measures to address climate change, they couldn't do it at the risk of damaging their economic position.
And so we've done another loop of the climate change policy cycle. There will be more protests, more political talks, more academics researching the issues and a million other things that won't mean a thing without being acted on, but at this rate no real action will be taken until it's far too late.
The capitalist system has failed us all, whether your rich or poor, over the past 2 weeks, but we'll still worship it's feet in our millions because that's what we do.
"Only when the last tree has died and the last river been poisoned and the last fish been caught will we realise we cannot eat money."