U.S. emissions bill a "first step": U.N. climate chief. AND: New financial tools needed to make big cuts in emissions: UN climate chief

From Reuters:

..."I think it's enough as a first step," Pachauri told reporters during a visit to Oslo. "I wouldn't say it is the final solution one is looking for."...

From PointCarbon:

New financial instruments could mobilise much-needed financing to cut emissions in developing countries, in addition to the Kyoto protocol’s clean development mechanism (CDM), the UN’s climate chief told Point Carbon today.