Copenhagen "green fund" depends on climate deal - EU

NUSA DUA, Indonesia Wed Feb 24, 2010 6:58pm IST

Steam and other emissions are seen coming from funnels at a chemical manufacturing facility in Melbourne June 24, 2009. China and India's hesitation to back formally a Copenhagen climate agreement could jeopardise $30 billion in climate aid to the developing world, a senior European Union official said on Wednesday. REUTERS/Mick Tsikas/Files

Steam and other emissions are seen coming from funnels at a chemical manufacturing facility in Melbourne June 24, 2009. China and India's hesitation to back formally a Copenhagen climate agreement could jeopardise $30 billion in climate aid to the developing world, a senior European Union official said on Wednesday.

Credit: Reuters/Mick Tsikas/Files

Related Topics

Coal Mining In The Punjab

Coal Mining In The Punjab

In Choa Saidan Shah miners dig coal with crude pick axes and load it onto donkeys to be transported to the surface earning a team of 4 workers around $10 to be split between them.  Slideshow 

NUSA DUA, Indonesia (Reuters) - China and India's hesitation to back formally a Copenhagen climate agreement could jeopardise $30 billion in climate aid to the developing world, a senior European Union official said on Wednesday.

Some 100 countries have signed up for the Copenhagen Accord for fighting climate change, two months after it was agreed at a summit in December, documents showed on Tuesday.

China, India and Russia are the largest greenhouse gas emitters yet to make clear if they fully endorse the deal, which sets a goal of limiting a rise in world temperatures to less than 2 degrees Celsius (3.6 Fahrenheit).

Under the non-binding pact, rich nations also plan to give $30 billion in climate aid from 2010-12, rising to $100 billion a year from 2020, largely channelled through a "Copenhagen Green Climate Fund".

Karl Falkenberg, the director general of environment at the EU Commission, said on Wednesday that the fund would be only available "in the context of an international framework that leads to the reduction of CO2 emissions."

"It is not money for free, it is money that comes with an outcome where everyone is making an effort, then we are helping developing countries to make more of an effort than they could do on their own," he told reporters on the sidelines of a U.N. environment conference in Nusa Dua, on the Indonesian island of Bali.

Falkenberg suggested that, in particular, countries which did not fully support the Accord may not qualify for the funds. China has already said it did not expect to be a big recipient.

"If countries hesitate to commit to the Copenhagen Accord which has created this green fund then it's difficult to talk about the green fund with countries that are not clear whether they are in or out or whether they want it," said Falkenberg.

"We need to see a preparedness to work with the Accord."

China said in Copenhagen last year it did not want any of the green funds. A spokesman for British Energy and Climate Change Secretary Ed Miliband said earlier this month that the aid would not be contingent on cooperation from big polluters.

China and India have submitted emissions goals under the Accord, but have stopped short of saying they want to be listed as "associates", using the formal language of the agreement.

(Reporting by Sunanda Creagh; editing by Richard Williams)

(For Reuters latest environment blogs, click blogs.reuters.com/environment/)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

GAZA CONFLICT

WORLD SHOWCASE

Obama's Message

Obama's Message

Obama to Republicans: ‘Stop just hatin’ all the time’.  Full Article 

Ebola Spreads

Ebola Spreads

Liberia shuts schools as Ebola virus spreads.  Full Article 

Inside Iraq

Inside Iraq

Hezbollah commander killed in Iraq - sources.  Full Article 

Ukraine Crisis

Ukraine Crisis

Moscow fights back after sanctions; battle rages near Ukraine crash site.  Full Article 

Military Rule

Military Rule

Thai junta to keep tight grip after transfer of power.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage