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EU leaders to back conditional climate aid pledge

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Wednesday, 31 March 2010

EU leaders to back conditional climate aid pledge

European Union leaders meeting in Brussels today (24 March) are set to confirm their commitment to providing €2.4 billion in immediate support to help poor nations tackle global warming, but only if other industrialised nations also make similar contributions, according to draft summit conclusions obtained by EurActiv. "The EU and its member states will implement their commitment to provide €2.4 billion annually over the 2010-2012 period for fast-start financing," read the draft conclusions of the European Council, which is taking place on 25-26 March. Speaking at the plenary session of the European Parliament in Brussels, European Commission President José Manuel Barroso stressed the importance of "respecting our pledges on fast-start finance" in order to build trust with developing countries. EU leaders will discuss climate change issues on Friday, leaving the first day of the meeting for economic debates.

Source: Euractiv