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24 November 2017 09:21 (South Africa)

EU strikes a deal on funds for climate change - finally

EU leaders finally agreed on how to contribute money to a global fund to support developing countries tackle global warming. The aim was to jump-start the so-far, stalled talks on a new agreement on climate change to replace the soon-to-expire Kyoto Protocol. But the EU disappointed some by making their offer conditional on donations from other parts of the world and by being unable to agree on how much Europe would contribute to the worldwide pool of up to 50 billion euros by 2020. Putting the best possible face on it, Swedish PM Fredrik Reinfeldt said the EU now had "a very strong negotiating position" to press for a global deal at United Nations talks in Copenhagen next month.

German chancellor Angela Merkel stressed Europe was leading the way, saying, “There is no-one else among the industrialized nations” to have made as concrete an offer of climate finance. Merkel will address the US Congress on climate change pact during her two-day visit to Washington. The environmental lobby was less than delighted, saying EU leaders had selected vague, global numbers, lowering the chances of moving climate negotiations along before the Copenhagen gabfest.

For more: New York Times, BusinessWeek And for an interesting discussion on the generation gap in views on climate change read: New York Times

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