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Wednesday, 11 November 2009

Climate change: 27 fail to reach agreement on burden sharing

As expected, discussions at the European Council of 29 and 30 October ran aground on the issue of the EU’s contribution to helping developing countries tackle climate change. After two days of discussions the member states were still loath to commit funds. Finally, in spite of German reluctance, the 27 signalled their agreement with the Commission’s estimate that the cost of climate change adaptation in developing countries will reach about 100 billion Euros a year between now and 2020. However, there was no willingness to state how much the European Union will be putting on the table at the international negotiations or to be more specific about the 22 to 50 billion of the 100 billion which are to come from international public financing, despite a request to that effect from the United Kingdom, Denmark and the Netherlands.

Source: Euractiv