No Agreement on EU Climate Funding

The EU's finance ministers failed to agree on how the fight against global warming in the world's poorer countries will be funded. Sweden's Finance Minister Anders Borg who led the negotiations, was disappointed at the outcome.

"There was not enough will from some countries to go on," Borg told the News Agency TT after the talks, which were held in Luxemburg on Tuesday.

The talks came to nothing after nine of Europe's poorer countries, led by Poland, demanded their own economic circumstances be taken into account before the EU agrees up to 22.5 billion US dollars in financial aid for developing nations.

Next chance for the Swedish presidency to try to move ahead on the issue is on Wednesday, when Environment Minister Andreas Carlgren will meet his colleagues in Luxemburg. Or it will be left to Prime Minister Fredrik Reinfeldt to try to find a solution at the EU summit in Brussells next week.

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