EU leaders agree climate aid deal
Meeting in Brussels Friday, at the conclusion of a two-day European Union (EU) summit leaders agreed that it would cost €100 billion ($148 billion) per year by 2020 to help developing nations adapt to climate change. The EU has pledged to give up to €50 billion ($74 billion) of that figure in public funds to help developing nations fight climate change.
Commenting on the deal at the summit's closing press conference, European Commission president Jose Manuel Barrosa said: "Today, the European Council has fully endorsed the figures put forward some weeks ago by the Commission that by 2020, developing countries will need around 100 billion euros a year to tackle climate change. We have a clear, ambitious, and unified EU message on climate finance."
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