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Sweden pledges billions in climate aid

TT/The Local · 10 Dec 2009, 07:52

Published: 10 Dec 2009 07:52 GMT+01:00

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The money will be paid out during the period 2010-2012, a spokeswoman for Swedish Prime Minister Fredrik Reinfeldt, whose country holds the EU presidency, said in Stockholm on the eve of an European summit in Brussels to be dominated by climate talks.

"This is part of the 'fast start financing' that the EU is preparing," spokeswoman Roberta Alenius told AFP.

Europe's leaders will on Thursday attempt to agree a €2 billion ($2.94 billion) annual endowment to the world's poorer countries in order to jolt the ongoing Copenhagen climate negotiations into a new gear.

Other than Sweden, so far only Britain has made public its contribution: an £800 million pot ($1.3 billion), which breaks up into around €300 million per year.

The EU has estimated that the world's developing countries need global financing of €5-7 billion per year for the next three years.

Story continues below…

TT/The Local (news@thelocal.se)

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Your comments about this article

08:24 December 10, 2009 by calebian22
Yes, I am sure this money will be used as it was intended and not line the pockets of fat cats. Aid to poor countries has always worked out well in the past, e.g. the black hole of Aid, Africa.

Like this money wouldn't be better spent on education advancements for Sweden's children.
08:49 December 10, 2009 by bjinger
People believed that the United States, the European Union and Japan simply had not brought enough to the table in Oslo. The US set its target to reduce emissions by 17 percent from the 2005 level. This figure cannot be regarded as remarkable or notable. The EU's announced 20 percent target was also too little, too late. And, while the new government in Japan has offered to cut emissions by 25 percent by 2020 on an impossible precondition that its commitment depends on ambitious targets being set by other major polluters.
09:49 December 10, 2009 by livinginsweden

Cannot agree with you more. Money is always spend on retired politicians who are appointed to 'manage' but ended up spending the money on cars, homes, travels, parties, etc...

After more than 50 years of charities to Africa, things are worse in Africa today ... In fact over 80% of donations are spend on fat salaries and luxuries and corruptions and the rest go to the intended recipient.

I do my very tiny part by trying not to buy anything imported from Africa, especially food. The less we buy food stuff from Africa, the more there is for them to eat. Those food labelled as 'ethical' from Africa and other developing countries are never ethical ... because the ethical thing to do is to let the African eat them ... they need the food more than us here who are mostly overweight already.

Sweden can help the climate better by banning importation of food from Africa until the continent is free from hunger ... the amount of green house gas produced from burning of fuel to transport those food here is more than 2 billion.

What charity is it when we snatch and eat their food and let them starve, create more co2 in the process and pretend to be a do gooder ...

ha ha
11:38 December 10, 2009 by warriorwithin
nice point living in sweden.

Also one has to look at fruits imported here. A mango comes all the way from brazil(and it tastes no where near to what a good mango in india tastes like...the swedes are taken for a ride actually). granatapplen from India, bananas from god knows where. Each of these shouldn't be consumed to help reduce transportation carbon cost.
14:01 December 10, 2009 by samuel1
Its so funny @warriorwithin and @livinginsweden

If Sweden doesnot import.... hahahahaha ...how can Sweden survive!!!

In Sweden,it is nt possible to survive without importing....hahahhahaa

furthermore,to say ur dumbwits..... is nt true....as it ws nice to hear people mocking poor nations...where the nation of sweden cannot produce its own food
14:58 December 10, 2009 by Roy E
One volcanic eruption and all the millions and billions you've spent are for naught.
22:50 December 10, 2009 by Dr. Dillner
Agree, Roy E, we are making a big ruckus for very little return.
04:09 December 11, 2009 by anticommie
Hows it feel to go to work everyday so your government can take your money and give it to some third world dictator so he can buy weapons to kill children? But hey I bet you feel better about it because its for gloBULL warming right? Yeah!
13:58 December 21, 2009 by Beynch
With this the third world extortionists have gained another few pesos. Let's face it, this "aid" - a misnomer if there ever was one - is nothing more than contributions to dictatorial fatcats, and dogs, and their undemocratic whip-cracking. Their minions will starve, thirst, and be killed, and the corrupt money grabbers will live in splendor thanks to this "aid". Think again before your shovel more money into these bottomless creeps' wallets.
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