UK giving £1.5bn to climate fund

Britain is to provide at least £1.5bn (€1.65bn) towards a fund to fast track efforts to combat global warming, Gordon Brown said today.

The British Prime Minister said Europe was ready to promise firm action next week at the UN climate change talks in Copenhagen.

Speaking after talks with French president Nicolas Sarkozy at the EU summit in Brussels, he said: “This world deal at Copenhagen must be ambitious, global, comprehensive, legally binding within six months.”

He told reporters: “We have agreed this: it must include a fast-start launch fund for 2010-2012 which is $10bn (€6.77bn) annually.

“Our contribution will be at least £1.5bn over the three years and we also believe that Europe will be able to show today it will pay its share of the $10bn fund.”

European Commission President Jose Manuel Barroso has made clear he wanted to deliver a substantial EU offer of "fast start" funding towards a global kitty to help poorer countries meet the terms of any emissions-reduction deal agreed in Copenhagen.

Officials worked through the night on securing further pledges to help developing countries meet the costs of tackling climate change.

The Brussels summit, which ends today, will resist upping its unilateral CO2 emissions reduction targets unless other countries also increase their offers.

Mr Brown, who will attend the Copenhagen negotiations alongside other world leaders next week, said 20% of the early finance should be targeted at protecting forests and called for the global deal to include a reduction in deforestation of 25% by 2015.

Most of the $25bn (€17bn) cost of doing that should be met by developed nations, he said, promising to meet with “forest countries” in Copenhagen.

Mr Brown was speaking at a joint press conference with Mr Sarkozy, after a summit pow-wow on climate change involving Britain, France, Germany, Spain and the European Commission.

More on this topic

Japan criticised for ‘highly insufficient’ climate plansJapan criticised for ‘highly insufficient’ climate plans

Parenting for the planet during a lockdownParenting for the planet during a lockdown

Amy Luers: We need to continue working together to fight global threatsAmy Luers: We need to continue working together to fight global threats

Greta Thunberg takes weekly climate strike action onlineGreta Thunberg takes weekly climate strike action online

More in this Section

France records 1,000 more Covid-19 deaths bringing death toll to 6,500France records 1,000 more Covid-19 deaths bringing death toll to 6,500

Member of British armed forces becomes first confirmed coronavirus case on FalklandsMember of British armed forces becomes first confirmed coronavirus case on Falklands

Keir Starmer elected as the next leader of the UK Labour PartyKeir Starmer elected as the next leader of the UK Labour Party

Competition for supplies sharpening as pandemic worsensCompetition for supplies sharpening as pandemic worsens


Lifestyle

With documentary film ‘Fantastic Fungi’ set to take the world by storm, Joe McNamee looks at the fabulous world of mushroomsDocumentary explores the magic of mushrooms

I lead a very busy life — I’m a mature student in college — and I separated from my partner but the separation was my decision. I hate myself when it beckons as it ultimately makes me fatter, it has the reverse effectDear Louise: I had my bulimia under control. But the demon has returned

This year has been particularly difficult and stressful, and I think that’s an even more important reason to make time for your health.Derval O'Rourke: Resistance is far from futile and necessary

Best-selling author Faith Hogan is keeping the faith during the lockdown, thanks to her Moy Valley haven in Ballina, Co Mayo.Shape I'm in: Keeping the Faith during lockdown

More From The Irish Examiner