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This Article is From Dec 04, 2009

Copenhagen: Pressure on rich nations?

New Delhi: The Copenhagen climate summit won't be a success unless rich countries make specific financial commitments for poorer countries.

The UN fears that such commitments are unlikely to come up at next week's climate change conference.

Yvo de Boer, the United Nation's top climate change official, said rich nations could pledge an overall sum for the funding they would collectively deliver by 2020.

He also said a more critical question is how a $100bn, which is the yearly requirement, should be shared out among individual countries.

The Danish environment minister and conference chairperson, said such commitments are crucial to persuade developing countries such as China and India to formalise their domestic commitments to curb emissions.

Several countries, including the UK and the US, are prepared to offer "quick start" financing to help poor countries cut emissions and adapt to the effects of climate change in the next few years.

The UK is likely to offer about £800m and the US figure is about $1.4bn.

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