EU Agrees to Pre-Copenhagen Deal

Posted on Oct 30, 2009

ABC News / Giulio Saggin

The goal at Copenhagen will be to cut worldwide greenhouse gas emissions and how to pay for it.

It looks like the EU is anteing up for December’s Copenhagen conference on global warming, agreeing to a conditional deal that estimates climate change will need almost $150 billion every year until 2020, and that the EU is prepared to pay its “fair share”—though poorer countries say it’s still not enough. —JCL

The BBC:

The EU has agreed a conditional deal on how to help other nations fight global warming, ahead of a key climate summit, but set no figure on what it would pay.

The EU agreed climate change would need 100bn euros ($148bn; £90bn) a year by 2020, and would pay its “fair share”, conditional on other nations.

UK PM Gordon Brown said the deal, which came after a deadlock on cost sharing was broken, was a “bold proposal”.

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