Al-Khateeb: Rate of Foreign tourists coming for recreational purposes soars 600% in 5 years    Saudi Arabia participates in OIC anti-corruption agencies' meeting in Qatar    Saudi Arabia implements over 800 reforms to drive rapid transformation    Al-Jadaan: Painful decisions were part of the reforms, but economy overcame them    Al-Swaha: Saudi Arabia is heading towards exporting technology in the next phase    Israel-Hezbollah ceasefire appears to hold as Lebanese begin streaming back to their homes    Al Rajhi: Saudi Arabia sets revised unemployment target of 5% by 2030 "300,000 citizens employed in qualitative professions"    Imran Khan supporters call off protest after crackdown    Five survivors found day after Red Sea tourist boat sinking    Russia launched a record number of almost 200 drones toward Ukraine    Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Saudi Arabia unveils updates on Expo 2030 Riyadh master plan at 175th BIE General Assembly Riyadh Expo Development Company established to oversee strategic planning, operations, and legacy development    Saudi FM attends Quadripartite meeting on Sudan in Italy    Best-selling novelist Barbara Taylor Bradford dies    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Do cigarettes belong in a museum?    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EU climate fund pledges reach 3 billion euros
Published in Saudi Press Agency on 10 - 12 - 2009


European Union governments have so far pledged a
total of about 3 billion euros (4.4 billion dollars) over three years
to a global fund aimed at helping poor nations cope with climate
change, according to dpa.
The total is based on statements from eight of the EU"s 27 member
states. Heavyweights Germany, France and Italy have yet to announce
their voluntary contributions to the kitty. The biggest single
contribution so far - 883 million euros - has come from Britain.
The EU has quantified the amount of immediate funding that will be
needed from rich countries at 5-7 billion euros (7.4-10.3 billion
dollars) per year between 2010 and 2012.
The United Nations" climate chief, Yvo de Boer, said at at current
climate change conference in Copenhagen that about 10 billion dollars
in "fast-start" funds are needed.
Long-term aid aimed at helping developing nations mitigate and
adapt to global warming are estimated at between 100 and 300 billion
dollars a year by 2020.
Officials in Brussels were expected to announce an updated
EU total at the end of Thursday"s talks by the bloc"s heads of state
and government.
"I will definitely ask for contributions, which will be
voluntary," Swedish Prime Minister Fredrik Reinfeldt, whose country
holds the EU"s rotating presidency, said at the start of the Brussels
summit.
The EU says it is at the forefront of the fight against climate
change, having vowed to unilaterally cut its own emissions by 20 per
cent against 1990 levels by 2020.
It is also offering to deepen the cuts to 30 per cent, but only if
comparable pledges are made by other major emitters.
Environmentalists want the EU to step up its ambition and go
for the 30 per cent figure, but European businesses oppose this.
The arrival of EU heads of state and government at the council
building in Brussels was briefly disrupted by a group of Greenpeace
activists, who eluded security and called on leaders to work towards
"the strongest possible agreement in Copenhagen."


Clic here to read the story from its source.