The post title is stolen from John Quiggins post. And his post just about says it all: does this new agreement have any substance? Probably not.
So its time for - ta da - prediction time, since predictions made in advace are always more convincing. I predict: that JQ is right: the Asia-Pacific climate pact will turn out to be empty.
There's a wiki page [[Asia-Pacific Partnership for Clean Development and Climate]].