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Fredrik Reinfeldt

EU Leaders Reach Climate Aid Agreement

EU leaders at a meeting chaired by Swedish prime minister Fredrik Reinfeldt have reached an agreement on the much discussed climate change fund.

The deal followed a new proposal on Friday that would let poorer eastern members pay less into a climate change aid fund than the bloc's leading countries.

Despite the opposition, the meeting led to some minor victories for Reinfeldt, who was expecting to meet resistance from a Europe which is "more worried about the financial crisis than the climate crisis".

Sweden had hoped to boost the ongoing UN climate negotiations by promising financial aid to poorer countries in return for their obligation to limit emissions.  To actually get the money on the table has been seen as necessary in order to reach a mutual climate agreement in Copenhagen in December. But neither the US nor the other developed counties have so far been willing to make any promises.

As the EU leaders came together to discuss how to finance the fight against climate change, the Swedish agenda met some tough resistance. Several member states were against naming figures altogether, despite Reinfeldt’s attempts to be able to bring any pledged figures with him to his upcoming meeting with the US president Barack Obama next week.

The meeting was not an altogether fiasco for Reinfeldt, as the member states seem to agree that it will take 100 billion Euro yearly from 2020 for the developing countries to carry through the measures needed and that  the share which falls upon the developed world will make up 22 to 55 billion Euros of that sum.

Another, more significant success on Thursday evening, was the agreement to give the Czech Republic exemption from the Lisbon agreement.

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