2009-12-15
Europe Pledges Billions in Climate Funding. By James Kanter and Andrew C. Revkin, NYTimes, December 12, 2009. "European Union leaders agreed on Friday to pay $10.5 billion over the next three years to help poor countries begin tackling the effects of global warming -- and to improve the odds of reaching an international climate accord next week at a conference in Copenhagen...The push in Brussels, where the European Union is based, came as a group of negotiators in Copenhagen who were convened by the United Nations issued a six-page informal outline of a new climate agreement [PDF, 7 pp]... The European Union's pledge to contribute to a global climate fund -- one that the United Nations has said should add up to $30 billion over the next three years -- is one of the largest financing efforts announced so far. The money is meant to help vulnerable nations adapt to the effects of climate change and develop their economies in ways that will help limit emissions of CO2."
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