The European Union is failing to give full details about its €7.2 billion pledge for immediate climate finance needs in developing countries. This is the EU’s contribution to the $30 billion committed by rich countries in Copenhagen to help poor countries curb their emissions and adapt to a changing climate over the next three years.
EU finance ministers meeting tomorrow (18 May) in Brussels are expected to endorse a progress report on whether and how this money is being delivered. Oxfam – which has seen the draft – warns the EU is not being transparent enough.
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