United Kingdom: Gordon Brown s climate change finance package hangs in balance.

TendersInfo | October 27, 2009 | Copyright

Byline: Mamta03

Gordon Brown s plan for Europe to lead the world in tackling climate change stands on the brink of failure as a row about its cost threatens to overshadow the European Council.

The Prime Minister was the first to call for a $100 billion ([pounds sterling]60 billion) fund to help emerging nations to meet the terms of the replacement for the Kyoto Protocol, to be finalised at a United Nations summit in December.

As part of this, he wants the EU to pledge 10 billion ([pounds sterling]9 billion) a year to the fund, but two groups of ...

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