The EU will not release the €2.4bn a year "fast-start" climate funding it has pledged for developing countries until all parties to the UN Framework Convention on Climate Change (UNFCCC) adopt the Copenhagen Accord, a European Commission official said on Tuesday.
"The cash can't start flowing until the Copenhagen Accord is adopted by all countries," the official said. The comments were made at a meeting of environment ministers on Tuesday during which the ministers discussed the outcome of December's UN summit.
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.