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EU climate aid money ‘insignificant’— 130 developing countries

By Eze Anaba in Copenhagen, with agency report

DESPITE bickering between the United States and China over what to offer the world in terms of climate aid money, the 130 developing countries in the Group of (G77) have dismissed the European Union, EU, as providing no finance whatsoever.

The EU had sparked off controversy by estimating the need for funding to developing countries to be around 100 billion euro annually by 2020.

The EU said both public and private money from developed countries should be spent on adaptation to and mitigation of global warming in developing nations.

Lumumba Stanislaus Di-Aping, negotiator for the 130 developing countries in the Group of 77, said that 7.2 billion euro over the next three years proposed by the EU is laughable, noting: “I believe they are not only insignificant, they actually breed even more distrust on the intentions of European leaders on climate change. Our view is that European leaders are acting as if they were climate sceptics. Fundamentally, they are saying this problem does not exist and, therefore, they are providing no finance whatsoever.”

The G-77 negotiator also criticized the EU proposal because it fails to address the issue of setting up long-term financing mechanisms. The EU estimates the need for funding to developing countries to be around 100 billion euro annually by 2020.

The both public and private money from developed countries should be spent on adaptation to and mitigation of global warming in developing nations.

The Chinese vice foreign  minister He Yafei was  also worried about the long term funding. “It will be relatively easy for developed countries to come up with a number for the short term for three years.  “But what shall we do after three years?,” He Yafei, stated.
China, America exchange words

In unusually blunt language, the Chinese minister said that he was “shocked” by the US climate envoy Todd Stern’s comments, last week, that China shouldn’t expect any American public climate aid money, and that the US was not in any debt to the world for its historically high carbon emissions.

“I don’t want to say the gentleman is ignorant,” He Yafei told reporters at the UN climate conference in Copenhagen. “I think he lacks common sense where he made such a comment vis-a-vis funds for China. Either lack of common sense or extremely irresponsible.”


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