EU avoids climate funds decision for poor nations

Times of India , Friday, June 19, 2009
Correspondent : AP
BRUSSELS: Denmark's prime minister says EU leaders will postpone until later this year a decision on how much money they will pledge to poor nations to help them combat climate change.

Lars Loekke Rasmussen said EU leaders would agree on terms at two-day talks starting Thursday for funding projects to reduce greenhouse gas emissions and to cope with a warming climate.

He said he was convinced a final decision on all aspects of financing, including an estimated euro100 billion ($139 billion) a year for developing countries, would come in a few months.

Denmark will host global climate change talks in December that will try to strike a deal for all regions to reduce emissions to try to curb global warming.

 
SOURCE : Friday, June 19, 2009
 


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