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The Low Carbon Economy Ltd

13 Nov 2007 03:11:30

''Billions needed'' to help developing world tackle climate change

Rich nations will need to pay developing countries billions of pounds to help them tackle climate change and promote sustainable development, a charity has claimed.

Countries such as the UK and US will need to provide emerging economies with large sums of money to ensure a reduction in carbon emissions and support them as they pursue more environmentally-friendly growth, according to Christian Aid.

The charity indicated the annual funds required from the UK would total at least £25 billion, with the US providing as much as £198 billion.

Andrew Pendleton, senior climate change policy analyst at Christian Aid, said: "Emerging economies may well be reluctant to take the necessary steps for fear they will be denied a chance of future prosperity.

"Nations that have grown rich in part by polluting without facing the costs of doing so, must now repay their carbon debt to the developing world," he added.

Campaigning group Greenpeace recently called on industrialised nations to reduce their greenhouse gas omissions by at least 30 per cent by 2020 and 80 per cent by 2050.ADNFCR-1235-ID-18353598-ADNFCR

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