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EU strikes climate funding deal EU strikes climate funding deal
(20 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.
[The EU] failed to use this opportunity to put its money where its mouth is Joris den Blanken, Greenpeace
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.
Green groups have criticised the EU deal, saying it was not nearly enough.
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' 'Calamitous result'
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 correspondentANALYSIS 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.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".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".
Joris den Blanken of environmental group Greenpeace, said: "[The EU] failed to use this opportunity to put its money where its mouth is.
"President Barack Obama should now step up and break the deadlock in negotiations."
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.