On 3 June the EU outlined how it intends to implement its funding commitment to help developing countries fight global warming. The discussions on the climate aid plan took place at the Bonn climate talks in an attempt to bring clarity to international climate financing pledges.
The two weeks of climate talks are set to conclude on Friday, and seek to make progress towards a new climate treaty. However one of the main points of contention is the divide between poor and industrialised countries. The EU presented a report on its pledged "fast-start" funding of €2.4bn annually, which amounts to about a third of the collective commitment.
It said it was on track to meet this pledge, with confirmed sums from member states to date adding up to €2.39 billion for 2010 and €7.55bn for the entire 2010-2012 period, topping the EU's own commitment of €7.2bn. ICLEI is also present at the talks as part of its climate advocacy work and held a side event on Implementing adaptation: climate resilient cities on 21 May.
For further information, click here.