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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam China might not take climate change funding: FT AFP - Monday, December 14 Send IM Story Print China might not take climate change funding: FT BEIJING (AFP) - – China has said it might not take a share of any funding for emerging nations to fight climate change, the Financial Times reported Monday, in an apparent concession at fraught talks in Copenhagen. "Financial resources for the efforts of developing countries (to combat climate change are) a legal obligation," vice foreign minister He Yafei told the newspaper in an interview in the Danish capital. "That does not mean China will take a share -- probably not... We do not expect money will flow from the US, UK (and others) to China." The world's biggest polluter has said developed nations should take the lead in committing to substantial emission reduction targets, and provide financial assistance to poorer, developing countries battling climate change. Related article: Climate talks head into second week So far, the European Union has pledged 7.2 billion euros (10.6 billion dollars) in aid, which emerging nations have slammed as "insignificant." Beijing also insists that rich nations should provide technological assistance to emerging economies to help them fight global warming. But amid an escalating war of words with the United States at the UN conference in Copenhagen, which is set to end on Friday, He's appeared to be a conciliatory gesture. "China will not be an obstacle (to a deal)," He said, according to the Financial Times. "I know people will say if there is no deal that China is to blame. This is a trick played by the developed countries. They have to look at their own position and can't use China as an excuse." The world's two largest carbon polluters have clashed on key issues such as how to share out the burden of slashing greenhouse gases or whether the United States owes developing countries a "climate debt." China has vowed to reduce carbon emissions per unit of gross domestic product by 40 to 45 percent by 2020, but experts say given economic growth projections, its emissions could still double. Chinese Premier Wen Jiabao is expected in Copenhagen Wednesday and join other leaders, including US President Barack Obama, in crunch talks the next day. Recommend Send IM Story Print Related Articles Democracy "referendum" plan heats up Hong Kong politics Reuters - 1 hour 22 minutes ago Highlights of UN resolution against NKorea AP - 1 hour 34 minutes ago Thais extend North Korean arms cargo crew's detention Reuters - 2 hours 6 minutes ago US mulls Predator strikes in Pakistani cities: report AFP - 2 hours 38 minutes ago Hardline Pakistani schools a draw for foreigners AP - 2 hours 49 minutes ago News Search Top Stories Dubai to pay debt with $10 billion aid from Abu Dhabi Fed likely to dampen speculation on early exit Greece waits for its financial medicine Nanomaterial used in cancer tests, medicine delivery Decades-old dioxins pollute river, divide US community More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Top British banker admits 'mistakes' on bonuses Tiger Woods' girlfriend apologizes in TV interview 'Whack A Banker' game proving a hit in Britain Dubai stocks maintain profits after break Fed likely to dampen speculation on early exit More Most Viewed » Global stocks mixed amid Dubai debt crisis Tiny magnetic discs could kill cancer cells: study Virgin unveils spaceship to offer space tourism Tiger Woods' girlfriend apologizes in TV interview Dubai blackout over debt plans to hit Gulf markets More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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