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Wednesday, 04 November 2009

Rich-poor divide could be Copenhagen climate 'deal-breaker'

World leaders could fail to reach a new climate deal at a UN summit in Copenhagen if rich countries refuse to financially help developing nations tackle climate change, government and NGO officials said at a development conference that wrapped up Saturday. With less than 50 days to go before it starts, the Copenhagen summit was a central topic of debate and discussion at the annual EU development conference, held in Stockholm. "We don't think they'll be a deal without the right funding package," said Jeremy Hobbs, executive director of Oxfam International, urging the European Union to agree on how to finance developing countries' switch to low-carbon strategies. While most officials remained positive about a climate deal being reached at the December 7-18 summit, Hobbs' comments highlighted a growing concern that efforts to replace the Kyoto protocol could be hampered by the problems of securing agreement between developed and developing countries.

Source:  France24