BREAKING NEWS

EU: UN climate fund rifts linger, Durban talks loom

By REUTERS

NOVEMBER 4, 2011 12:53

BRUSSELS - Countries are still squabbling over how much power a United Nations fund will have to help developing countries tackle climate change, just weeks ahead of a crunch summit in South Africa to work on a global climate deal, an EU negotiator said.

Last year, countries agreed to create the "Green Climate Fund" to channel up to $100 billion a year by 2020 to help developing countries fight climate change.

Last month, a UN committee completed the draft design of the fund at a meeting in South Africa.

Negotiators from around the world will consider the proposals at a climate summit in Durban from Nov. 28 to Dec. 9, as they try to agree on steps towards a global binding climate deal.

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