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Friday, 18 December 2009

Brown, Sarkozy pledge more climate aid

France and the UK today pledged to provide developing countries with €2.4 billion over the next three years to help them cope with the effects of climate change. Speaking at a joint press conference with UK Prime Minister Gordon Brown, French President Nicolas Sarkozy said the two countries had made the three-year pledge in a bid to "make credible" the longer-term offers that rich countries will make offer to developing countries. Brown said it was time "for action backed up with strong commitments". The two leaders were speaking in Brussels at the start of a second day of discussions with the EU's other 25 members about the level of support they are willing to provide developing countries. The EU is expected to announce today that it will provide at least €2.1bn a year for 2010-12. The British and French commitments amount to about 40% of that anticipated total. The money is part of a total EU contribution to the estimated €5 bn-€7bn needed for developing countries over 2010-12 to help them deal with the existing effects of climate change and to reduce their greenhouse-gas emissions.

Source: European Voice