23.02.2009 - Brazilian minister outlines €100 bn climate fund
From Commodities-now.com: Brazil has proposed a €100 billion fund that would encourage poor countries to cap their emissions. Evironment Minister Carlos Minc said the fund would help unblock the impasse between developed and developing countries over action beyond 2012 to combat global warming. The initiative, dubbed the "descending carbon spiral," was outlined during a ministerial discussion on climate change organised by the Danish government on the sidelines of a UN Environment Programme meeting in Nairobi..... Full Article: Source