President Barack Obama has reached a deal with other nations to stem global climate change, according to reports.

Obama met with Chinese Premier Wen Jiabao for the second time on Friday evening during the waning hours of the international conference on climate change held in Copenhagen, Denmark.

The agreement appears to have resolved an impasse between the U.S. and China (along with India and South Africa) over a number of key issues, most notably how China would be monitored under the strictures of the agreement in order to verify compliance.

A senior Obama administration official described the agreement as "meaningful" to the New York Times.