Sunday 12 February 2012
News updated at 5:56 PM IST
Weather
Max: 30°C
Min : 18°C
In Bangalore
Partially cloudy

Germany to make 'biggest' climate fund pledge: Sources

Brussels, Dec 11 (DPA) :

Germany is to pledge the highest single contribution to a EU fund aimed at helping poor nations cope with climate change, the German Press Agency has learned.

German Chancellor Angela Merkel (L) talsk with Swedish Prime Minister Fredrik Reinfeldt prior an European Union summit at the European Council headquarters on December 10, 2009 in Brussels. European leaders hope to put together a multi-billion euro fund on Thursday to help developing nations tackle global warming and boost faltering UN climate talks in Copenhagen. AFP European leaders met  to discuss billions of dollars of aid for developing countries to battle global warming in a bid to increase pressure for a deal at the UN climate summit.

EU governments have so far vowed to provide a total of 3 billion euros ($4.4 billion) over the next three years to a global fund provided by rich nations.

Europe has sought to establish itself at the forefront of the climate campaign and a summit of European Union leaders was expected to produce a promise of six billion euros to help poorer nations between 2010-2012.

The biggest single contribution thus far - 883 million euros - has come from Britain.

While Berlin has been reluctant to make its own contribution known, EU diplomats said that Germany had made "an important pledge" during an EU summit in Brussels.

Britain has offered 800 million pounds while Sweden, which holds the rotating EU presidency, has pledged 765 million euros and Denmark, Belgium and Finland each promised between 100 and 160 million euros today.

Conditions for aid were set by German Foreign Minister Guido Westerwelle who said: "We're not going to hand over a blank cheque so that others can wriggle out of their responsibilities."

Poland's European affairs minister, Mikolaj Dowgielewicz, added: "Nobody wants to pay for Copenhagen."
Germany and France have not announced their figures but France also wants Europe to commit to greater greenhouse emission cuts than the 20 per cent already promised by 2020, against 1990 levels, its environment minister said.

The EU has offered to go to 30 per cent if other industrialised blocs make similar pledges but Environment Minister Jean-Louis Borloo said ahead of the Brussels summit that France wants Europe to set an automatic 30 per cent cut "as soon as possible".

Go to Top

Movie Guide
A Scene from the movie AK 56

AK56 is a Kannada language film by action film director Om Prakash Rao. It is Siddanth's second[...]

Photo Gallery
Bollywood actress Esha Deol with Bharat Takhtani during their engagement ceremony

Bollywood actress Esha Deol with Bharat Takhtani during their engagement ceremony

Gautam Gambhir of India plays the ball during their ODI cricket match against Australia

Gautam Gambhir of India plays the ball during their ODI cricket match against Australia

India's Virat Kohli bats against Australia during their One Day International series cricket match

India's Virat Kohli bats against Australia during their One Day International series cricket match

A flower vendor busy at his whole sale shop to sell roses in Koyambedu

A flower vendor busy at his whole sale shop to sell roses in Koyambedu

Models on the ramp during a fashion show

Models on the ramp during a fashion show

Vintage cars participate in the 46th Statesman Vintage & Classic Car Rally in New Delhi

Vintage cars participate in the 46th Statesman Vintage & Classic Car Rally in New Delhi

Army Chief General VK Singh flags off the 46th Statesman Vintage & Classic car rally in New Delhi

Army Chief General VK Singh flags off the 46th Statesman Vintage & Classic car rally in New Delhi

Union Minister of Commerce, Industry & Textiles, Anand Sharma in a Press meet

Union Minister of Commerce, Industry & Textiles, Anand Sharma in a Press meet

Congress General Secretary Rahul Gandhi and Priyanka Gandhi Vadra during election campaign

Congress General Secretary Rahul Gandhi and Priyanka Gandhi Vadra during election campaign

Queen of Pop music at her best during the Billboard Awards at the MGM Grand in Las Vegas

Queen of Pop music at her best during the Billboard Awards at the MGM Grand in Las Vegas