The agreement was signed following a meeting between John Kerry and Xie Zhenhua in Shanghai.
The United States and China have agreed on the need to take decisive action to combat climate change even before a new round of international negotiations on the issue begins later this year.
This is stated in a joint statement of the United States and China, released on Sunday.
The statement was released after a meeting between the US Special Envoy on climate issues John Kerry and his Chinese counterpart Xie Zhenhua. The meeting was held on Thursday and Friday in Shanghai.
The parties also agreed to discuss actions to limit harmful emissions into the atmosphere. They also decided to maximize funding for developing countries to help them transition to low-carbon fuels.