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Monday, 30 November 2009

Drop in state aid for poor countries in French “Climate Justice” plan

The plan that Paris will put forward during the Copenhagen negotiations sets a figure of €16.5 billion for state aid to help developing countries fight climate change. That is €5 billion short of the minimum advocated by the European Commission. The French plan estimates the overall cost of aid to assist developing countries battling with climate change at around $490 billion over a period of 20 years. The plan is intended for submission to the Copenhagen Climate Conference. Dubbed “the climate justice plan,” it has already received detailed coverage in “Le Monde” and was posted on the Mediapart website on 19 November. The figure refers to the public share of the €100 billion a year the Commission deems necessary to support developing countries. However, the Commission’s proposal was that international public funding should amount to between 22 and 50 a per year. The Franco-Brazilian proposal of 490 billion falls far short of this bracket.

Source: Euractiv