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Poor nations need billions for climate fight



30 October 2009 @ 01:41 pm BST

BRUSSELS - European Union leaders have agreed that developing nations need around 100 billion euros (89.5 billion pounds) per year by 2020 to tackle climate change, Swedish Prime Minister Fredrik Reinfeldt said on Friday.

Of that sum, about 22-50 billion euros would have to come from the public purse, as opposed to industry, added Reinfeldt, whose country holds the EU presidency until the end of this year.

(Reporting by Pete Harrison)

© 2010 Thomson Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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