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Posted Thu Sep 10 2009: from BBC (UK):
EU proposes billions annually for poor nations' climate protection
The European Commission says the EU should provide $2-15bn each year to help poor countries protect themselves against impacts of climate change. The UN estimates that poor nations will need about $100bn per year for climate adaptation, with much of that coming from levies on carbon trading. The commission hopes its proposal will stimulate negotiations leading up to December's UN summit in Copenhagen.... The commission sees about 40 percent of the $100bn coming from the global carbon market that is supposed to emerge from the Copenhagen treaty.... "The EU is trying to get away with leaving a tip, rather than paying its share of the bill to protect the planet's climate," said Joris den Blanken, climate and energy policy director of Greenpeace-EU.
[Read more stories about: climate impacts, economic myopia]

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'Doc Jim says:
A tip of the hat, at least.

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