EU Agrees on Financing Stance for Post Kyoto Treaty. Reuters, October 30, 2009. "European Union leaders agreed on an offer Friday to put on the table at global climate talks in Copenhagen in December after healing a rift over how to split the bill. Developing countries will need 100 billion euros ($148 billion) a year by 2020 to battle climate change, and 22-50 billion of this will have to come from the public purse in rich countries worldwide, rather than industry, leaders said. The two-day EU [Brussels] summit secured a complex negotiating mandate for the Copenhagen talks to find a successor to the Kyoto Protocol... 'We managed to reach an agreement on climate finance,' Swedish Prime Minister Fredrik Reinfeldt said. 'The EU now has a strong position in view of Copenhagen.'"
2009-11-07
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