NP Rank:
EU summit struggles to agree climate pledge
The problem is the state of debt EU countries have been placed into by the recession restricts much of the commitment of money by the poorer members. The question of pledging by the poorer members would also need the help to obtain the said CO2 emission would also need funding from the richer members of EU.
The monetary help to the third World will never match the amount the third world says it needs. At a guess far to much, India want the richer nation to pledge 40% and of course needs loads of cash to fund its meager 20% pledge.
Remembering money given to the developing nations will see 10% finding its way into corrupt pockets. Arm twisting will be giving cash incentive out of the EU pot of gold, grants etc to help the poor nations sway the right way. "You do this and we will do that" and its the "that" that is in question.
EU leaders have so far failed to agree how much aid the bloc will give to developing nations to tackle the effects of global warming.
On the first day of a two-day summit in Brussels EU leaders had wanted to agree a joint offer of around 6bn euros ($9bn; £5.5bn) over three years.
But analysts say wealthier states are struggling to convince poorer Eastern European countries to contribute.
Officials said that consultations would continue overnight.
The BBC's Jonny Dymond in Brussels says there will be some serious arm twisting through the small hours as the EU tries to come up with the pledges.
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