Developing countries may need €100bn annually by 2020 to help them reduce emissions and adapt to climate change, European leaders said on Friday. €22-50bn of this should come from international public funds, they added, in line with European Commission recommendations.
The leaders did not back the commission's recommendation that the EU could give €2-15bn to developing countries in 2020. Europe's contribution will be determined as part of international talks, ENDS understands. But they did agree that €5-7bn in up-front funding could be needed in 2010-13.
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