EU calls for urgent action to fight climate change

BRUSSELS, (KUNA) -- Environment ministers from the 27 member EU, meeting here Monday, underlined that the Copenhagen Accord requires urgent action on adaptation to the adverse effects of climate change.

The ministers recalled in a statement that developed countries have committed themselves in the Copenhagen Accord to providing resources approaching USD 30 billion in the period 2010-2012, with a special emphasis on vulnerable and least developed countries.

They reaffirmed the EU's and its Member States' commitment to contribute 2.4 billion euro annually over the period 2010-2012.

The EU statement also recalled developed countries' commitment in the Copenhagen Accord to a goal of mobilising jointly USD 100 billion a year by 2020, coming from a wide variety of both public and private sources, to assist developing countries in fighting climate change.

The ministers stressed the need to assist developing countries in the "most effective and efficient manner and to start a transparent process for establishing the basis for the Copenhagen Green Climate Fund."