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EU to offer billions in climate aid to poor nations: Reinfeldt

AFP/The Local · 10 Sep 2009, 07:06

Published: 10 Sep 2009 07:06 GMT+02:00

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Reinfeldt said that the figure, which represents a target annual contribution to be reached by 2020, is a "starting-point" in negotiations on a new global deal to combat climate change after Kyoto Protocol requirements expire in 2012.

"The (European) Commission has presented 15 billion (euros) as the European part of the global response," said Reinfeldt, whose country holds the rotating EU presidency.

World leaders will meet at a crucial summit in Copenhagen in December to negotiate a successor to Kyoto.

Reinfeldt said the commission proposal still "has to be discussed with all the EU member states. It's a starting point of discussion."

The load will be shared between EU members based on gross domestic product "and other factors like emission levels", he added.

A European diplomat said authorities are looking for the EU's total contribution to be twice that amount, or 30 percent of the €100 billion the EU estimates are required per year to meet emissions reduction targets by 2020.

The other half would come from the private sector, from trade in carbon emissions rights quotas.

"What we have now is not enough," Reinfeldt added, calling for US President Barack Obama to up the US contribution while welcoming a proposal from Japan's new ruling party to come up with a quarter of the sum there.

A diplomatic source said the EU wants to see the equivalent of €12 billion per year coming from the United States.

Danish Prime Minister Lars Løkke Rasmussen welcomed the EU announcement and called for talks between rich and developing nations to move faster with only three months to go until the climate summit, which he is hosting.

"It is very encouraging that the European Commission now puts forward a concrete and ambitious proposal on climate financing," he said.

"We need to accelerate discussions between developed and developing countries on both financing and emissions reductions," he said.

"A strong message from the EU at this point will add new momentum into the global negotiations."

Rich and poorer countries have been at loggerheads for years over how to share the burden of battling climate change, with emerging industrialized economies such as Brazil, China and India demanding greater input from countries they say created the problem.

Brussels is due to present proposals on how to finance the fight to control climate change on Thursday, amid a tight squeeze on member states' finances following huge economic stimulus spending.

Story continues below…

During a series of meetings with European parliamentary groupings aimed at endorsing his bid for another five-year term as European Commission president, Jose Manuel Barroso said China must also cough up.

"It's only a proposition," said Barroso, ahead of what he said would be tough negotiations between the 27 EU member states.

"China can also pay a bit (more). I want the major emerging countries to do their bit as well."

United Nations chief Ban Ki-moon last week warned that hopes of a breakthrough in time for the Copenhagen deadline depend on a summit of world leaders in New York on September 22 to discuss climate change.

AFP/The Local (news@thelocal.se)

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Your comments about this article

08:55 September 10, 2009 by hpunlimited
Western nations have something that the 3rd world is absuing to the hilt!! A feeling of guilt.

It is funny how nations like India, Brazil thinks they can get away with saying that countries like Sweden created their enviromental problems.

Brazil is cutting down their rain forests so they can make more money by building plantations. It is the Brazillian greed that is the problem!! Not that we want to buy their wares!

India, well they have a population problem, they need more and more food to feed their own. It is not really Swedens fault that their population is growing.

The best thing that the EU can do is to TAX imports from these greedy nations. That way it is too expensive for Europeans and Americans to buy it, it makes it so domestic food suppliers in the EU and the USA able to survive and compete. Also the food that they create in Brazil and India will go to their own starving people instead of sold to us Europeans. Preventing the greedy Brazilians and Indians to pocket the money themselves and let their people starve at home.

Giving away free money to these "abusers" will only make things EVEN worse.
11:22 September 10, 2009 by CarlBlack
Is Fredrik Reinfeldt under so heavy influence of green lobbyists and people who make money from this like Al Gore? I would first like to hear how are these money going to change climate in any way. Bjorn Lomborg's Skeptical enviromentalist would be a good reading for current EU and Swedish leaders. There are of course really useful and ecological targets for these money like preventing rainforest destruction, but I doubt they have even an idea how to buy this goal for money. Allocating money without presenting a clear study what it will exactly allow to achieve is a practice which should be stopped. Personally I think that in long run the best for environment would be to invest enough to hydrogen based vehicles research and the ITER project (thermonuclear fusion), which is currently going slowly just because of lack of money.
17:44 September 10, 2009 by LundenLad
you could always wait until the facts were decided before throwing away your taxpayers money.


Also just because the west has produced a lot of hot air, it doen't mean we are entirely responsible, how about asking the Gulf states for a contribution?
17:56 September 10, 2009 by double concerto
More utter madness and a red herring, climate change be damned!!! Who is going to look after this hard earned cash generated by working people in europe??? So instead of building schools and better healthcare for kids here in europe I guess the money will be siphoned off into the hands of corrupt third world leaders and governments such as Mugabe to administer and we all know what that means!!!
18:08 September 10, 2009 by LundenLad
France is using the excuse to raise taxes for itself:-


Are they going to persuade the French people to pay extra tax for their own state, then more tax for the third world? I hope not.

Why does Reinfeldt think that this is a vote winner?

Out of control population growth is a far more real and dangerous threat, but it is not so glamorous as following Al Gore down the road to ruin.
19:26 September 10, 2009 by JosefEugen
China and India mention the industrial nation's historical debt for creating the GHG problem. What about their historical debt for letting their populations grow out of control?
13:05 September 15, 2009 by karex
It would be nice if every once in a while people checked some facts before commenting.

Talk about hypocrycy: so it is OK to depelete the world's natural resources when it's making you rich, and now that you are it's suddenly not OK anymore - double standards. I can't address all BRIC nations but for everone's info, it is NOT legal to cut down the rainforest in Brazil. So blaming the country for illegal activities would be the same as blaming Sweden or any EU nation for the murder and mayhem that people commit inside their borders. All Brazil is saying is: you want the forest protected? Then you need to help. Try patrolling 3.3 million square kilometers of rainforest with a police contingency of a few thousand.

As for the wood, if you don't want the trees cut down then stop byuing the wood. That's right, the biggest customers are Europe and Asia... It's the same principle as the drug problem, Stop the demand and the supply will disappear.
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