EU Summit Seeks Climate Funds to Boost Talks in Copenhagen
Adjust font size:
Spanish Prime Minister Jose Luis Rodriguez Zapatero, President of the European Parliament Jerzy Buzek, Cypriot President Demetris Christofias, Swedish Prime Minister Fredrik Reinfeldt (from L to R, front), Slovak Prime Minister Robert Fico, Maltese Prime Minister Lawrence Gonzi, British Prime Minister Gordon Brown, and Estonian Prime Minister Andrus Ansip (from L to R, rear) pose for a family photo at the EU headquarters in Brussels, capital of Belgium, December 10, 2009. [Xinhua]
Bulgarian Prime Minister Boiko Borisov (L), EU High Representative for Foreign Affairs and Security Policy Catherine Margaret Ashton (C) and Hungarian Prime Minister Gordon Bajnai talk with each other after a family photo at the EU headquarters in Brussels, capital of Belgium, December 10, 2009. [Xinhua]
The summit, which is the first one after the bloc's reforming Lisbon Treaty came into effect on December 1, is also expected to discuss the economic, financial and employment situation in the EU, in particular exit strategies and supervision of financial markets.
The EU leaders are highly expected to put forward a "fast-start" funding of multi-billion euros to help the world's poorest countries to tackle climate change.
The European Commission has estimated that some 5 to 7 billion euros (about US$7 to 10 billion) a year is likely needed in 2010-2012. However, the exact amount of funding from the EU should be decided by the leaders of the member states at Thursday's meeting.
During their last meeting on October 29, the EU leaders insisted that their countries should "contribute their fair share" provided that other key players also make comparable efforts.
The bloc, which pledged to cut greenhouse gas emissions by 20 percent by 2020 compared with 1990 levels, has showed readiness to increase the target to 30 percent if similar pledges are made by other developed countries. However, the move is opposed by heavily coal-reliant members and overshadowed by the financial crisis.
Moreover, the summit is expected to adopt a multi-annual program in the field of freedom, security and justice, also known as the Stockholm program.
The summit is chaired by the EU rotating president, Swedish Prime Minister Fredrik Reinfeldt. The next summit in 2010 will be chaired by EU permanent President-elect Herman Van Rompuy.
(Xinhua News Agency December 11, 2009)