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Poland, Germany eye fund for climate deal - source
10 Dec 2008 21:30:39 GMT
Source: Reuters
BRUSSELS, Dec 10 (Reuters) - Poland and Germany are studying whether to propose at a summit on Thursday a 40-50 billion euro ($52-65 billion) EU fund from 2014 to help poorer European countries tackle climate change, a Polish negotiator said.

The proposal would be aimed at breaking deadlock over parts of a proposed package of European measures to counter global warming and would need the backing of all 27 EU states.

"Poland and Germany are considering an idea of creating a solidarity fund of 40-50 billion euros as part of the climate package," the Polish negotiator told Reuters, asking not to be named. The source said the fund would be part of the EU's next central budget rather than come out of funds won from auctioning pollution permits -- which Germany has long resisted. (Reporting by Marcin Grajewski; editing by Mark John)


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Last updated:Wed Dec 10 21:32:51 2008