Copenhagen Summit – Day 5 Summary

After two days of intense negotiations and bargaining, EU leaders gathered in Brussels agreed on funding to help poor countries cope with climate change. Meanwhile, a UN working group at the Copenhagen conference produced the first official draft for a global climate deal.

EU putting more money on the table - EU leaders say they have agreed to commit 2.4 billion euro (3.6 billion US dollars) a year until 2012 to help poorer countries combat global warming. On Friday, EU leaders also agreed to reduce their emissions by 30 percent from 1990 levels.


Yvo de Boer: EU billions a boost to talks – The European Union’s decision to fund 7.2 billion euro for tackling global warming over the next three years is “hugely encouraging” for the climate conference process, says the UN climate chief.


First official draft on climate deal – A key working group under the UN Framework Convention on Climate Change (UNFCCC) came up with a six-page text Friday. The draft may form the core of a new global agreement to combat climate change beyond 2012, when the present framework, the Kyoto Protocol, expires.


Russia sets conditions for climate deal – A new global climate change deal should take Russia’s low greenhouse gas emissions in recent years into account, a Russian presidential adviser insisted Friday.

Chinese official: Stern “irresponsible” – In unusually blunt language, China’s Vice Foreign Minister He Yafei said on Friday that he was “shocked” by US climate envoy Todd Stern’s comments earlier this week that China shouldn’t expect any American public climate aid money, and that the US was not in any debt to the world for its historically high carbon emissions.


G-77 chief negotiator walked out in anger – Chief negotiator for 130 developing countries believes that the UN climate change conference “will probably be wrecked by the bad intentions of some people”.

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