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EU strikes climate funding deal
"We can look the others in the eye," said the president of the European Commission, "we Europeans have done our job." But to critics, that job may look only half-done. EU leaders have agreed that developing nations would need $150bn a year to tackle climate change and pledged they would pay ...
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EU strikes climate funding deal
Democratic Underground Latest Breaking News — ... the possibility of a deal at the Copenhagen summit would be a lot less likely ." Mr Brown also announced a "fast track" scheme to reduce carbon emissions. This would come in soon after the Copenhagen summit and would cost 5bn to 7bn euros immediately, to come from all richer countries . He insisted that all these funding targets would be conditional on other richer countries making funding offers and on developing countries showing how they would spend the money . Read more: http://news.bbc.co.uk/2/hi/europe/8334146.stm

E.U. Agrees to Pre-Copenhagen Deal
Truthdig: Drilling Beneath the Headlines — ... BBC: The EU has agreed a conditional deal on how to help other nations fight global warming, ahead of a key climate summit, but set no figure on what it would pay. The EU agreed climate change would need 100bn euros ($148bn; £90bn) a year by 2020, and would pay its “fair share”, conditional on other nations. UK PM Gordon Brown said the deal, which came after a deadlock on cost sharing was broken, was a “bold proposal”. Read more READ THE WHOLE ITEMRelated ...

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