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EU makes 7bn euro climate pledge
Friday, 11 December 2009 10:41
EU leaders have agreed to pay 7.2bn euros over the next three years to a fund to help developing nations adapt to climate change.
Announcing the deal, Swedish Prime Minister Fredrik Reinfeldt said all 27 EU member nations would contribute.
The pledge is more than the EU target of 6bn euros ($9bn; £5.5bn) by 2012.
Mr Reinfeldt said the EU was taking its "fair share" and he hoped other rich nations would do the same. The deal may boost UN climate talks in Copenhagen.
Earlier, the leaders of the UK and France told a news conference their two nations would contribute at least £1.5bn (1.7bn euros; $2.4bn) spread over three years.
Source: BBC NEWS
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