The international talks that concluded Friday in Cancun resulted in an agreement to raise and pay out $100 billion through 2020 to assist poor nations affected by global warming and give them assistance in developing energy with less carbon output.
Environmental advocacy group Greenpeace hailed the conclusion of the Cancun summit as a sign that the international community has "chosen hope over fear" when it comes to climate action.
Greenpeace, however, said more could have been done at Cancun if it weren't for the "negative influence" of global powers such as the United States, Russia and Japan.
The environmental group blamed Russia and Japan for downplaying previous climate agreements while accusing the United States of heading to Cancun with "meager commitments."
Greenpeace said that while global delegates agreed to financing at Cancun, they never discussed where they were going to get the money.
"Governments have a lot of work to do now to follow through on the Cancun agreement, specifically they need to double their efforts to cut emissions," the advocacy group added. "For those of us in civil society we need to demand that our leaders to redouble their efforts to drive change at home."