Thursday, February 09, 2012

France proposes climate plan for poorest countries

By: Our Staff Reporter | November 01, 2009, 3:54 pm |

France is proposing a plan to help the world's poorest countries finance renewable energy projects that it hopes will form part of upcoming climate talks, Ecology Minister Jean-Louis Borloo said in an interview on Sunday. The "justice-climate" plan could be financed by revenue from financial transactions, he told the Journal du Dimanche newspaper, without elaborating or specifically calling for a tax. Borloo hopes the plan, which the newspaper quoted sources saying could raise 20 billion euros a year, will help break the deadlock between rich and poor at talks in Copenhagen in December aimed at agreeing a new climate treaty. "The industrialised countries which have polluted a lot should mobilise to finance the development of renewable energy in the most vulnerable countries," Borloo told the newspaper.