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Page added on August 25, 2009

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Africa to Seek Billions in Climate Change Compensation

The African U-nion is considering a proposal to demand at least $67 billion a year in environmental damages from developed countries at the Copenhagen Climate summit in December. Africa is seeking a common position to increase its bargaining power in Copenhagen.

Representatives of several African heads of state met at AU headquarters Monday to determine how much the continent should ask in compensation at the UN climate summit in December.
A concept paper obtained by VOA says the flow of money to support ‘adaptation to changes in climate’ must be at least $67 billion a year by the year 2020.

In all, the paper recommends that developed countries commit to paying one-half percent of Gross Domestic Product, or GDP for ‘climate action’ in poorer countries.

Diplomats attending a closed-door session say several countries argued that the demand should be much higher in view of the severe environmental damage facing the continent.

Voice of America



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