Denmark is one of the first countries in the world to earmark financing for developing countries to strengthen their capacities to tackle climate change in the short term, the Danish government says
Denmark – the host country of the ongoing UN climate change conference – has put money on the table for adaptation to climate change in developing countries.
Provided there is a global climate deal and other countries pay their share too, Denmark will fund 0.16 billion euro to help developing countries strengthen their capacities to tackle climate change in the short term (2010-2012).
The Danish funding is in line with EU’s opinion that a deal is needed on both “fast start” financing for developing countries from 2010-2012, followed by a significant scaling up of public and private financial flows to developing countries from 2013. EU has estimated the need for 2010-2012 to 5 to 7 billion euro, according to EU Business.
In a press release, the Danish government states that Denmark in this way wants to contribute to immediate action taking place in developing countries shortly after the climate change conference.
“We want to send a clear signal to other nations that finance is needed on the negotiating table in Copenhagen. Without finance for the poorest countries that are to be hardest hit by climate change there will be no climate deal,” says Ulla Tørnæs, the Danish Minister for Development Cooperation.
Source: COP15
The liveeco team
