Thursday, December 10, 2009
National aid budgets dedicated to reducing global poverty would be raided to establish a “climate fund” to help developing countries to adapt to climate change, under a British plan tabled yesterday in Copenhagen.
Money earmarked for education or health would be diverted into projects such as solar panels and wind farms.
(ARTICLE CONTINUES BELOW)
The proposal has angered developing countries, which are demanding that all the money in the climate fund be additional to the 0.7 per cent of income that industrialised countries have pledged to give as overseas aid.
Poor nations had hoped that the British plan, devised with Norway, Australia and Mexico, would establish the principle that the climate fund be entirely new money.
This article was posted: Thursday, December 10, 2009 at 10:46 am