He said it is now time to focus on the big picture - namely, a shared vision on long-term cooperative action and what the long-term goal will be.
This shared vision includes how to capture important issues such as emissions targets and the mobilization of short- and long-term finance in an agreed outcome.
The news of a commitment by Europe to provide 2.4 billion euros a year over three years in short-term finance will be a huge encouragement to the process, he said, adding that it remains to be seen what other developed countries will put on the table.