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EU’s €100bn-a-Year Price Tag on Canutian Climate Action
European leaders agreed for the first time today that the price tag for tackling global warming would amount to €100bn (£89bn) a year by 2020, up to half of which would need to come from taxpayers’ money in the developed world.
But mired in wrangling over how to split the European share of the bill among 27 countries and how much Europe collectively should spend, they failed to agree on urgent short-term funding for combating climate change in the developing world.
The Guardian: ‘EU puts €100bn-a-year price on tackling climate change’