EU hands out €7.1bn in fast-start climate aid

The EU has so far given out €7.1bn to finance climate mitigation and adaptation efforts in the least advanced countries, finance ministers reported on Tuesday

The EU has so far given out €7.1bn to finance climate mitigation and adaptation efforts in the least advanced countries, according to council conclusions adopted by finance ministers on Tuesday, based on an update report to be submitted in Doha.

This means that Europe has nearly met its pledge to deliver €7.2bn between 2010-12. About 40.5% of the funds were spent on mitigation action, while 30% went to support adaptation projects and about 13% was allocated to protect forests.

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