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EU summit discusses climate change cost

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EU summit discusses climate change cost


Europe wants to send a six billion euro ‘we’ll help you fight global warming’ signal to developing countries, but it is still working on the details.

EU leaders meeting in Brussels face a second day of talks over a climate change financing pledge, recession recovery and worries about Greek debt and the euro.

“Most people, when we speak about Copenhagen, most people speak about the US, China and Europe,” said EU Commission President Jose Manuel Barroso. “Some people tend to forget the poorest, the most vulnerable African countries and small island states. Without our support to those of our partners, there will not be an agreement in Copenhagen. So that is why tomorrow, if the European heads of state and government come with an important commitment in terms of fast- start financing, I think that can be a great contribution for the success of Copenhagen.”

There are divisions among EU nations about the feasibility of this gesture, particularly among those whose budgets have been hit by the recession.

There is also debate on whether deeper cuts in greenhouse gas emissions should be proposed if similar pledges are made by others at Copenhagen.

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