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EU CO2 fix failure may hit UN climate aid plan - negotiators

Posted on 12 February 2013

Failure by the EU to fix its carbon market could further derail a plan to help poor countries fight climate change, as low CO2 prices cut revenue from EU government permit sales while deterring other nations from launching similar markets, U.N. negotiators and observers said.
This year, delegates from more than 190 nations will meet at least four times to discuss how to scale up climate finance from current levels of about $10 billion annually to meet a 2009 pledge to provide $100 billion a year by the end of the decade………………………………………..Full Article: Source


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