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EU strikes climate funding deal | EU strikes climate funding deal |
(10 minutes later) | |
The EU has agreed a conditional deal on how to help other nations fight global warming, ahead of a key climate summit, but set no figure on what it would pay. | The EU has agreed a conditional deal on how to help other nations fight global warming, ahead of a key climate summit, but set no figure on what it would pay. |
The EU agreed climate change would need 100bn euros ($148bn; £90bn) a year by 2020, and would pay its "fair share", conditional on other nations. | The EU agreed climate change would need 100bn euros ($148bn; £90bn) a year by 2020, and would pay its "fair share", conditional on other nations. |
UK PM Gordon Brown said the EU was leading the way with bold proposals. | UK PM Gordon Brown said the EU was leading the way with bold proposals. |
Talks at the EU summit in Brussels had been deadlocked over how EU nations would share its costs. | Talks at the EU summit in Brussels had been deadlocked over how EU nations would share its costs. |
A coalition of nine poorer EU nations had threatened to block a deal unless richer countries paid more. | A coalition of nine poorer EU nations had threatened to block a deal unless richer countries paid more. |
No cost targets for individual EU nations were announced and the initial funding will be voluntary. | No cost targets for individual EU nations were announced and the initial funding will be voluntary. |
Details of how the burden will be shared will be sorted out later by a working group. | Details of how the burden will be shared will be sorted out later by a working group. |
Earlier EU leaders agreed a deal designed to secure the ratification of the Lisbon Treaty, which aims to streamline decision-making and bolster the bloc's role on the world stage. | Earlier EU leaders agreed a deal designed to secure the ratification of the Lisbon Treaty, which aims to streamline decision-making and bolster the bloc's role on the world stage. |
'New momentum' | 'New momentum' |
Mr Brown, announcing the deal, said the EU climate discussions had been a success. | Mr Brown, announcing the deal, said the EU climate discussions had been a success. |
ANALYSIS Oana Lungescu, BBC European affairs correspondent | ANALYSIS Oana Lungescu, BBC European affairs correspondent |
"We can look the others in the eye," said the president of the European Commission, "we Europeans have done our job." But to critics, that job may look only half-done. | "We can look the others in the eye," said the president of the European Commission, "we Europeans have done our job." But to critics, that job may look only half-done. |
EU leaders have agreed that developing nations would need $150bn a year to tackle climate change and pledged they would pay their fair share. But they haven't said how much. | EU leaders have agreed that developing nations would need $150bn a year to tackle climate change and pledged they would pay their fair share. But they haven't said how much. |
And poorer EU nations like Poland will continue on a voluntary basis or according to their means. It's now up to the other big global players - the US, China and India - to decide if that's enough for them to put an offer on the table and avoid failure in Copenhagen. | And poorer EU nations like Poland will continue on a voluntary basis or according to their means. It's now up to the other big global players - the US, China and India - to decide if that's enough for them to put an offer on the table and avoid failure in Copenhagen. |
"We were aware that if the European Union did not come together to solve some of the impasses, the possibility of a deal at the Copenhagen summit would be a lot less likely." | "We were aware that if the European Union did not come together to solve some of the impasses, the possibility of a deal at the Copenhagen summit would be a lot less likely." |
He said: "The EU is leading the way with bold proposals - do not allow years to go by without action." | He said: "The EU is leading the way with bold proposals - do not allow years to go by without action." |
The EU said the amount to come from public funding from all countries to meet the estimated 100bn euros a year needed by 2020 would be between 22bn and 50bn euros a year. | |
However, it did not fix the EU's contribution, saying it would only pay its "fair share". | However, it did not fix the EU's contribution, saying it would only pay its "fair share". |
But Mr Brown did announce a "fast track" scheme to reduce carbon emissions, with the richest countries providing development finance to the poorest. | But Mr Brown did announce a "fast track" scheme to reduce carbon emissions, with the richest countries providing development finance to the poorest. |
This would come in soon after the Copenhagen summit and would cost 5bn to 7bn euros immediately, to come from all richer countries. | This would come in soon after the Copenhagen summit and would cost 5bn to 7bn euros immediately, to come from all richer countries. |
He insisted that all these funding targets would be conditional on other richer countries making funding offers and on developing countries showing how they would spend the money. | He insisted that all these funding targets would be conditional on other richer countries making funding offers and on developing countries showing how they would spend the money. |
European Commission President Jose Manuel Barroso said the agreement was "an important breakthrough that brings new momentum". | European Commission President Jose Manuel Barroso said the agreement was "an important breakthrough that brings new momentum". |
Gordon Brown: ''Europe is leading the way in making these bold proposals'' | Gordon Brown: ''Europe is leading the way in making these bold proposals'' |
He said the EU nations had "agreed a negotiating mandate" for the Copenhagen climate talks. | He said the EU nations had "agreed a negotiating mandate" for the Copenhagen climate talks. |
"Next week, we'll meet the US president and will say 'let's make Copenhagen a success'," Mr Barroso said. | "Next week, we'll meet the US president and will say 'let's make Copenhagen a success'," Mr Barroso said. |
Fredrik Reinfeldt, PM of Sweden, which holds the rotating EU presidency, said: "The EU has a very strong negotiating position. This enables the EU to continue taking a lead in the negotiations and encourages others." | Fredrik Reinfeldt, PM of Sweden, which holds the rotating EU presidency, said: "The EU has a very strong negotiating position. This enables the EU to continue taking a lead in the negotiations and encourages others." |
But the Green bloc in the European parliament criticised the EU leaders for failing to fix the costing, calling the deal "a calamitous result for the climate". | |
Earlier, the Czech Republic was granted an opt-out from the EU's Charter of Fundamental Rights, similar to that of the UK and Poland, paving the way for the full ratification of the Lisbon Treaty. | Earlier, the Czech Republic was granted an opt-out from the EU's Charter of Fundamental Rights, similar to that of the UK and Poland, paving the way for the full ratification of the Lisbon Treaty. |
The Czechs are the only one of the 27 EU nations not to have ratified the treaty. | The Czechs are the only one of the 27 EU nations not to have ratified the treaty. |
French President Nicolas Sarkozy said on Friday that the Lisbon Treaty would "doubtless" come into force on 1 December. | French President Nicolas Sarkozy said on Friday that the Lisbon Treaty would "doubtless" come into force on 1 December. |