Gordon Brown proposed a new global fund today to “kickstart” the Copenhagen climate change process and encourage poorer countries to start cutting greenhouse gas emissions immediately.

 

Just days ahead of the vital UN-sponsored climate change conference in the Danish capital, Mr Brown proposed a £10 billion rich-world fund - to which Britain would contribute £800 million - to give incentives to developing countries to halt deforestation, develop low-carbon energy sources and prepare for the effects of a warmer climate.

 

The Copenhagen Launch Fund would cover the years 2010/12 and deliver funds to poorer states on a “payment by results” system, under which those which showed they were taking action to halt climate change would receive more cash.

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