Europe Funds Climate Initiatives in Developing Countries
9:05 AM MDT | June 22, 2010 | Alex Scott
The European Investment Bank (EIB; Luxembourg) and the European Union (EU) said they have agreed to explore a joint climate finance initiative to provide funds for developing countries. The finance mechanism being discussed by the organizations represents part of the EUâ€™s commitment made at the Copenhagen climate summit in December 2009 to assist developing countries to mitigate against global warming. â€śAdequate finance is crucial to agreeing and implementing an international agreement limiting global warming to 2 Â°C,â€ť says Connie Hedegaard, European...
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