Deutschland, a European cheque is ready for climate change mitigation and adaptation in the third world during the coming three years.
Morten Andersen
Quoting an unnamed diplomatic source, Financial Times Deutschland reports the European Union to be ready to put money on the table during the ongoing UN climate summit in Copenhagen as a sign of good faith. The sum will be earmarked for climate change mitigation and adaptation in vulnerable third world countries during the next three years.
In a draft text obtained by the news agency AFP, the amount is just given as “X billion euros for the years 2010 to 2012”, but according to the German daily’s source, the X will be replaced by a figure in the range from one to three.
According to Financial Times Deutschland, the money will send “a right signal in the short run” as the UN has called for urgent support for measures in countries affected by climate change, but also states that the sum is “peanuts compared to the three digits sums that are required in the long run.”
Read more (German and English)
The Financial Times Deutschland: Geld für gutes Klima
AFP: EU to offer poor countries billions for climate change
Cop15.dk: UN: Two billion USD urgently needed for adaptation
In a draft text obtained by the news agency AFP, the amount is just given as “X billion euros for the years 2010 to 2012”, but according to the German daily’s source, the X will be replaced by a figure in the range from one to three.
According to Financial Times Deutschland, the money will send “a right signal in the short run” as the UN has called for urgent support for measures in countries affected by climate change, but also states that the sum is “peanuts compared to the three digits sums that are required in the long run.”
Read more (German and English)
The Financial Times Deutschland: Geld für gutes Klima
AFP: EU to offer poor countries billions for climate change
Cop15.dk: UN: Two billion USD urgently needed for adaptation
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