- CNTV English - CCTV News

EU on track for climate finance

11-30-2011 15:17 BJT Special Report:Durban Climate Change Conference |

Watch Video

Play Video

The European Union appears to be on track for its overall climate finance pledge. But negotiators in Durban are trying to get the money up and running, with greater transparency. They acknowledge the progress made so far, and are looking ahead at 2020.

Despite its own debt problem and budgetary cuts, the EU has managed to mobilize 2.34 billion euros this year, to help poor nations deal with climate change. Together with the money from last year, the EU has met 65 percent of its pledge from 2010-2012.

Tim Gore is the policy lead for Oxfam. He's concerned about the way the money is being given to developing countries.

His concern is shared by everyone. So we directed the question to EU's chief negotiator, who was making the progress report.

Giving money is one thing, and using it to the fullest is quite another.

Developing countries want to maximize transparency. They say money should not be misued, because of corruption.

CCTV's Wang Mangmang said, "Financing is likely to be one of the few steps to push the international community forward in Durban. But given the economic situation in Europe and the complexity of funding, it is going to be a difficult commitment. If governments can agree on the when and the how of this money issue, it would mark significant progress for negotiations."


Editor:Liu Fang |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program