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EU summit battles on climate vow | |
(about 3 hours later) | |
EU leaders are battling over how much to pay to an international global warming fund, following overnight talks at a Brussels summit by negotiators. | |
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. | |
Gordon Brown said he was confident the EU would exceed their target of 6bn euros ($9bn; £5.5bn) by 2012. | |
An EU pledge could boost chances of a deal at UN climate talks in Copenhagen. | An EU pledge could boost chances of a deal at UN climate talks in Copenhagen. |
The two leaders' statements, early on the second day of the summit, followed overnight talks by delegates. | |
However, it remains unclear how much some other European nations will commit to the fund. | |
The BBC's Oana Lungescu in Brussels says the joint news conference was an unprecedented show of unity meant to boost Europe's efforts to get a deal in Copenhagen. | |
The money being sought is for a "fast start" contribution to help the world's poorest nations tackle rising sea levels, deforestation, water shortages and other consequences of climate change between 2010 and 2012. | |
'Swift decisions' | |
"We will have a better figure tomorrow than we had tonight," Swedish Prime Minister Fredrik Reinfeldt told a news conference late on Thursday. | "We will have a better figure tomorrow than we had tonight," Swedish Prime Minister Fredrik Reinfeldt told a news conference late on Thursday. |
"Over half the member states have made pledges and we will work through the night to see how far much further we can get and what countries can do in the form of voluntary contributions." | "Over half the member states have made pledges and we will work through the night to see how far much further we can get and what countries can do in the form of voluntary contributions." |
I call upon you - put a figure on the table. We demanded this in the European Parliament resolution in November Jerzy Buzek, President of the European Parliament Climate pressures cloud EU summit EU climate package explained France gets key Commission job | I call upon you - put a figure on the table. We demanded this in the European Parliament resolution in November Jerzy Buzek, President of the European Parliament Climate pressures cloud EU summit EU climate package explained France gets key Commission job |
Several wealthy EU states have announced significant contributions on Thursday, but it is not yet clear what Germany and Eastern European nations are ready to contribute. | |
As the summit got under way, pledges had been made for around 2bn euros. | As the summit got under way, pledges had been made for around 2bn euros. |
Sweden - which currently holds the rotating EU presidency - has promised 765m euros. The Netherlands has pledged 300m euros and Denmark 160m. | |
The figures are totals spread over three years - 2010-2012. | The figures are totals spread over three years - 2010-2012. |
President of the European Parliament Jerzy Buzek told EU leaders that "swift, binding, global decisions" were also needed on climate targets. | President of the European Parliament Jerzy Buzek told EU leaders that "swift, binding, global decisions" were also needed on climate targets. |
"I call upon you - put a figure on the table. We demanded this in the European Parliament resolution in November," he said. | "I call upon you - put a figure on the table. We demanded this in the European Parliament resolution in November," he said. |
On Friday, French President Nicolas Sarkozy said he was hopeful Europe would offer a 30% emissions cut by 2020, more than the 20% cut currently on the table. | |
Meanwhile in the US, a bipartisan Senate group has proposed the framework for a new climate bill. | Meanwhile in the US, a bipartisan Senate group has proposed the framework for a new climate bill. |
The senators hope the framework will form a compromise and be in line with a bill that narrowly passed the House of Representatives in June. | The senators hope the framework will form a compromise and be in line with a bill that narrowly passed the House of Representatives in June. |
The proposal suggests cutting carbon emissions by 17% by 2020 from 2005 levels. | The proposal suggests cutting carbon emissions by 17% by 2020 from 2005 levels. |
Bankers' bonuses | Bankers' bonuses |
Financial matters are also being discussed at the twice-yearly summit. | |
On Thursday, momentum was building for a tax on bankers' bonuses. The leaders of France and Germany swung behind the idea after the UK announced a one-off supertax on bonuses in a pre-Budget report. | |
The enormous level of Greece's debt is also a concern. | |
The European Council meeting is the first since the Lisbon Treaty came into effect and Belgium's Herman van Rompuy was elected as its first president. | The European Council meeting is the first since the Lisbon Treaty came into effect and Belgium's Herman van Rompuy was elected as its first president. |