World

EU leaders have agreed to pay 7.2bn euros to developing countries

by Babel-Fish | December 11, 2009 at 07:00 am

86 views | 4 Recommendations | 2 comments

Of course India and some of the other developing countries will think its mean and make a great fuss about the richer countries polluted first and they should pledge 40% cuts in CO2 emissions and much more money.

China has pledged 40% already and that does not really help the argument but to me its a great pledge plus they want to buy technology to help them do just that.

Quote

Announcing the deal, Swedish Prime Minister Fredrik Reinfeldt said all 27 EU member nations would contribute and that the EU was doing its "fair share". UK Prime Minister Gordon Brown said the UK's promise, at £500m ($800m; 553m euros) a year was the highest. EU leaders hope the deal may boost the current UN climate talks in Copenhagen. "What we are seeing today is a very significant move forward in the search for a Copenhagen agreement," said Mr Brown. Speaking at the end of the two-day EU summit in Brussels, European Commission President Jose Manuel Barroso said he was confident the agreement could kick-start the final negotiations in Denmark.[

BBC

Obama will know how America stands concerning the developing world after the expected arguments Obama being very crafty by going to the summits end, the very last day.

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stejeb

at 07:10 on December 11th, 2009

So nice of Brown and those lovely helpful chappies down at the EU funny farm to pledge more of my hard earned dosh. Higher taxes here we come....yet again!

Barry ORegan

at 07:17 on December 11th, 2009

Actions speak louder than words, one wonders what the taxpayers will say? I am sure they will riot if it comes to fruition, thus allowing an easy out for Brown to say, The Taxpayers have spoken.