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Several groups have criticized the European Union for paying as little as $2.9 billion a year to help fund carbon reduction measures in developing countries.
Financing climate change efforts in third-world countries is a key topic in the months leading to the climate change summit in Copenhagen, Denmark, in December.
An EU communication from its headquarters in Brussels published Thursday proposed the organization contribute $2.9 billion to $21.9 billion a year by 2020, presuming an agreement on international climate negotiations was struck in Copenhagen, EUobserver reported Friday.
“With less than 90 days before Copenhagen we need to make serious progress in these negotiations,” European Commission President Jose Manuel Barroso said. “That is why the commission is putting the first meaningful proposal on the table on how we might finance the battle against climate change.”
However Greenpeace called the proposed EU outlay “desperately inadequate” while World Wildlife Federation said aspects of the blueprint are “financial jujitsu.”
“The EU is trying to get away with leaving a tip, rather than paying its share of the bill to protect the planet’s climate,” Greenpeace EU climate official Joris den Blanken said.
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