Friday, June 26, 2009

Gordon Brown puts $100bn price tag on climate adaptation

David Adam in the Guardian (UK): Gordon Brown today attempted to seize the political initiative on climate change by calling for rich countries to hand over $100bn (£60bn) each year to help the developing world cope with the effects of global warming.

In a speech at London zoo, the prime minister said the cash offer was intended to break the political stalemate over a new global deal on greenhouse gas emissions. He said the "security of our planet and our humanity" rested on such a treaty being agreed at key UN negotiations in Copenhagen in December.

...Aides said the speech was intended to provide fresh momentum to the stalling political talks on global warming. In exchange for greater action on climate as part of a new deal, the developing world wants money to help it cut carbon emissions and adapt to a warmer world. Earlier this month, EU leaders postponed a decision on such funds until October.

…The annual $100bn falls well short of what China and other developing nations have demanded in climate funding. The G77 group of nations has suggested that rich countries could hand over 1% of their GDP, a figure that British government sources consider unfeasible. "That's a totally unrealistic number. It doesn't even bring us to the negotiating table," one said…..

A heavy rain, shot by Pridatko Oleksandr

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