EU Climate Funding a Cop Out?

The EU announces a deal on helping nations fight climate change. But – there are some unanswered questions. While they agree that they need to spend 100 billion Euros per year, it is not clear that they have actually agreed to spend that money or how the cost would be divided. In fact it even seems at present that contributions will be voluntary!
At least it opens up a faint possibility that Copenhagen won’t be a complete waste of time, but all countries need to recognise that there is not much time left to waste.