EU agrees to provide 7.2 billion euros to developing countries to fight climate change

Xinhua Beijing, December 12, comprehensive report 11th, the European Union leaders said agreed to give developing countries 2.4 billion a year in 2010-2012, a total of 7.2 billion euros of funds to help them fight climate warming. Europe, America and Japan to provide aid funds are expected to be integrated into a $10 billion trillion global aid fund, according to the BBC.　　In announcing the news, Swedish Prime Minister Reinfeldt, the European Union's rotating presidency, added that EU Member States would contribute to the dedicated fund, an indication that the EU had assumed its obligations and that the EU hoped its commitment would be a catalyst for the U.N. climate talks.　　The money will be used to help the world's poorest countries in 2010-2012 cope with the consequences of sea-level rise, deforestation, water shortages and other climate change, and reduce their own carbon dioxide emissions.　　In addition, countries such as Japan and the United States will provide funds that match the European Union to help developing countries adapt to climate change. France's president, Nicolas Sarkozy, said the move "helped Europe play a leading role in Copenhagen", a decision that some countries think is not enough.　　Barroso, the European Commission's chairman, said the deal would open the final phase of the negotiations at the climate summit in Colombia. However, for 7.2 billion of euros of aid, some poor African countries are considered far from enough and call on developed countries to provide more aid more quickly.　　　　The analysis argues that whether these countries accept the EU's funding proposals depends on whether the Copenhagen climate conference can make other recommendations.　　Two days of intense debate in the European Union it was reported that the 27 Member States of the European Union had been in Brussels after 2 days of intense discussions to agree on the aid. EU leaders at the start of the summit raised the financing target of 6 billion euros.　　Rich Western European countries are having trouble persuading Eastern European members to finance, analysts say. It is reported that the British Government pledged to provide 500 million pounds a year to the aid fund, is the EU Member States most. In addition, the Netherlands and Denmark have pledged to provide € 300 million and € 160 million respectively.