IHS Chemical Week

EnviroTech :: Climate Change

EU Pledges $3.6 Billion/Year to Help Poor Countries Tackle Climate Change

8:16 AM MST | December 11, 2009 | Alex Scott

The 27 Leaders of the member states that make up the European Union (EU) have agreed to provide $3.6 billion/year to help poor countries mitigate against climate change.   Additionally, the EU leaders, meeting in Brussels, have agreed that the region will cut its greenhouse gas (GHG) emissions by 30% of 1990 levels by 2020. Previously, the EU had pledged a 20% cut in emissions rising to 30% only if other industrialized nations followed suit.   The $3.6 billion/year provision will go toward a $10 billion global fund to help poor countries fight climate...

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