EU Promises Aid of US$3.6 Bln for Climate Fight
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EU nations will commit donations worth more than US$10 billion per year to help developing countries combat global warming. The leaders of Britain and France made the announcement on Friday at an EU summit in Brussels.
The financial aid will go towards a global US$3.6 billion annual fund over three years. Most of it will come from Britain, France and Germany.
British Prime Minister Gordon Brown said, "We have already agreed that money in the order of US$10 billion is to be found over the next three years. We are able to finance that from the money that we're announcing today and I believe that the rest of the union will come on board. This is the joint enterprise of France, Britain and many others to make possible and that's a climate change agreement."
(CCTV.com December 12, 2009)