US Secretary of State Hilary Clinton has announced that the US would be willing to work on creating a fund which would provide $100 billion a year by 2020 to help combat climate change in the developing world. The move is being seen as an attempt by the US to break the deadlock at the conference and take the leading role in the fight against climate change.
The $100 billion figure was formally laid on the table last night by Ethiopian Prime Minister Meles Zenawi. While the figure is lower than many developing nations say they need, it is hoped that achieving agreement on a figure today may revive hopes of some form of interim binding deal by the end of the week.
Thursday 17 December 2009
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