EU Agrees to Pre-Copenhagen Deal
Posted on Oct 30, 2009
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 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”.
ABC News / Giulio Saggin
The goal at Copenhagen will be to cut worldwide greenhouse gas emissions and how to pay for it.