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Obama offers $100bn developing world climate funding by 2020

18 Dec 2009

US president Barack Obama has offered to $100bn of funding to help developing nations mitigate the impact of climate change, if it is part of a wider accord. Speaking in Copenhagen on the final day of the climate change talks, Obama pledged fast-start funding that will ramp up to $10bn by 2012, but said that the larger figure of $100bn by 2020 was contingent on the establishment of a broader framework of cooperation among the international community.

 

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