Financial Times reports that the European Union is to offer €15 billion a year to help poor countries cope with the effects of climate change.
According to FT this offer falls short of what developing countries have said is needed. Additionally, the proposal reportedly contains language suggesting that the EU could use development aid promised for poor countries as part of its climate-change contribution. This idea is contested by NGOs that use development aid.
The question of aid needed by developing countries to engage in reducing their emissions and adapting to the impacts of climate change is one of the four political essentials for Copenhagen formulated by Yvo de Boer, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC).