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Friday, 11 December 2009 - EU leaders to pledge billions in climate aid
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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 EU leaders to pledge billions in climate aid AFP - Friday, December 11 Send IM Story Print EU leaders to pledge billions in climate aid COPENHAGEN (AFP) - – Europe sought to put itself at the head of the global climate debate on Thursday with a landmark aid pledge worth billions of euros to help the developing world tackle the effects of global warming. But leaders struggled to find immediate agreement on a total offer worth around six billion euros (nine-billion-dollars) intended to help assuage poorer nations' concerns about a deal at the UN climate talks in Copenhagen. At the first day of a two-day European Union summit in Brussels, some of the bloc's largest members showed reticence that European countries would end up footing the bill for a deal, while others do little to curb emissions. "We're not going to hand over a blank cheque so that others can wriggle out of their responsibilities," said German Foreign Minister Guido Westerwelle. Britain has offered 800 million pounds (885 million euros) while Sweden, which holds the rotating EU presidency, has pledged 765 million euros and Denmark, Belgium and Finland each promised between 100 million and 160 million euros for 2010-2012. Germany and France have not announced their aid pledges. A testy debate between rich and poor countries over who will pick up the tab for emission curbs has become one of the key hurdles on the path to a deal, that would replace the Kyoto Protocol. Those divisions have been compounded by a leaked draft agreement, derided by developing nations that say it favours the more advanced economies. France wants Europe to commit to greater greenhouse emission cuts than the 20 percent already promised by 2020, against 1990 levels, its environment minister said. Emerging giants draft climate deal: Kyoto must stay The EU has offered 30 percent emission cuts if other industrialised blocs make similar pledges, but Environment Minister Jean-Louis Borloo said ahead of the Brussels summit that France wants Europe to set an automatic 30 percent cut "as soon as possible". Across the Atlantic US lawmakers continued their vexed hunt significant emissions cuts that would pass a Congress replete with climate skeptics. President Barack Obama failed to pass a climate legislation through Congress in advance of the Copenhagen summit, but on Thursday a tripartite group of senators proposed what they hoped would be the basis of a compromise. The framework says the world's largest economy would cut carbon emissions by 17 percent by 2020 from 2005 levels, less ambitious than an earlier Senate bill but in line with Obama's proposals and a bill that squeaked through the House of Representatives in June. In day four of the Copenhagen talks, blocs of countries pitched competing visions for a deal as the early arrival of environment ministers stoked pressure for an outcome. Rival papers tabled by African countries, small island states, emerging giant economies and conference chair Denmark jockeyed for a place in a draft compromise. They set down varying targets on curbing greenhouse gases that fuel global warming and funding for poor countries so that they can meet this potentially mortal threat. The next step will be to hammer these texts into a workable blueprint for haggling next week. Heated negotiations continued late Thursday, as France clashed with other EU nations over how to calculate carbon emissions absorbed and emitted by forests, a key component of a climate deal. Divisions were also clear among poorer nations, with a row that has delayed work in key negotiation pools rumbling on. Related article: Plan B for climate Tuvalu -- population 10,000 -- pressed a demand that the conference discuss its idea that emerging giant economies be tied to binding emissions cuts under a new round of pledges under the Kyoto Protocol. The proposal drives at the heart of a nearly two-decade-old axiom that only rich nations, and not poor ones, should commit to binding curbs on fossil-fuel pollution. Underpinning Tuvalu's demand is that island states, and other highly vulnerable nations, could be devastated by warming inflicted by uncontrolled emissions from China, India and Brazil. Friction was also visible between China and the United States, the world's top two polluters, whose positions are central to any climate deal. China said countries like the United States must pay out billions of dollars in compensation to poorer countries. A US official said China would not be at the top of any US list of countries receiving support. But UN climate chief Yvo de Boer said the mood had improved since the start and that progress is being made. 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