New Delhi, Dec 23 : The Copenhagen Accord was a good outcome but not adequate to fight climate change, Intergovernmental Panel on Climate Change chief R. K. Pachauri said Wednesday.

"We expected much more from the Copenhagen summit. We need to work very hard and come out with a legally binding commitment. There is a urgency to reach an agreement by the end on 2010 as we are losing valuable time. If delayed further, it will get very difficult and expensive to limit global temperature rise to two degree Celsius," said Pachauri.

Under the accord, by Jan 31, 2010 both developed and developing countries will have to inform of their commitment to mitigate emissions of greenhouse gases that are causing global warming.

"The developed countries will give percentage of emission reduction while developing countries will give nationally appropriate mitigation action. By February next year, we will have fair idea what countries are willing to commit," he said.

Pachauri said action will be taken soon after to use these submissions as a basis for creating a legally binding agreement within a reasonable period of time.

"The Copenhagen Accord does provide a foundation and framework that allows for a binding agreement to be developed incorporating the specific commitments by all countries, particularly industrialised countries," he said.(IANS)