Well, this is kind of unexpected!

Apparently the agreement takes away UN authority in all future negotiations on climate change and abandons Kyoto.  

The UN Copenhagen climate talks are in disarray today after
developing countries reacted furiously to leaked documents that show
world leaders will next week be asked to sign an agreement that hands
more power to rich countries and sidelines the UN’s role in all future climate change negotiations.

The document is also being interpreted by developing countries as setting unequal limits on per capita carbon emissions
for developed and developing countries in 2050; meaning that people in
rich countries would be permitted to emit nearly twice as much under
the proposals.

The so-called Danish text,
a secret draft agreement worked on by a group of individuals known as
“the circle of commitment” but understood to include the UK, US and
Denmark has only been shown to a handful of countries since it was
finalised this week.

The agreement, leaked to the Guardian, is a departure from the Kyoto protocol‘s
principle that rich nations, which have emitted the bulk of the CO2,
should take on firm and binding commitments to reduce greenhouse gases,
while poorer nations were not compelled to act. The draft hands
effective control of climate change finance to the World Bank; would
abandon the Kyoto protocol the only legally binding treaty that the
world has on emissions reductions; and would make any money to help
poor countries adapt to climate change dependent on them taking a range
of actions.

Interesting.