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Climate funding aid, Blair dominate EU summit

Climate funding aid, Blair dominate EU summit

European Union leaders face difficult talks Thursday over how much aid to offer developing nations to bring them into a global climate change deal.
Sweden's Prime Minister Fredrik Reinfeldt says the EU's credibility is on the line and member nations must agree on an aid figure. Reinfeldt is chairing the two-day meeting beginning Thursday.
The EU leaders will debate various funding recommendations _ the European Commission suggests EU nations offer developing nations up to ⁈lion ($22 billion) a year, while aid and environmental groups say Europe should be paying ⁈lion a year by 2020.
Negotiations between EU governments on how to fund such aid collapsed last week as finance ministers disagreed over how to share the costs.


Updated : 2021-05-10 01:53 GMT+08:00