LUXEMBOURG, (Reuters) – Talks on a new U.N. climate deal stumbled yesterday when European Union finance ministers failed to agree funds for poor countries and India reiterated demands for aid to help curb its emissions.
An impasse among finance ministers from the 27-nation EU means the issue of EU aid to developing countries — a sticking point in talks on a U.N. pact to fight global warming due in December — will be passed on to an EU summit on Oct. 29 and 30.
“It is a disappointing outcome,” Swedish Finance Minister Anders Borg, whose country holds the 27-country bloc’s presidency until the end of the year, told reporters after talks failed in Luxembourg.
Nine of Europe’s poorer countries, led by Poland, demanded their own economic circumstances be taken into account before the EU agrees up to 15 billion euros ($22.5 billion) in financial aid for developing nations.
Developing countries say they cannot cut emissions and adapt to changing temperatures without help from industrialised nations, which grew rich by powering their industries with hydrocarbons and polluting the atmosphere.
Earlier, India’s Environment Minister Jairam Ramesh rejected an Indian newspaper report that he was willing to drop a long-standing demand for foreign aid and technology as the price for accepting international curbs on India’s rising emissions.
Dropping such a link would have been a big concession for the Dec. 7-18 U.N. climate conference in Copenhagen. India is the fourth biggest emitter behind China, the United States and Russia.
Ramesh said in a statement India would agree to international monitoring of emissions “only when such actions are enabled and supported by international finance and technology”.
The 190-nation U.N. talks are bogged down over how to share out greenhouse gas curbs between rich and poor nations as part of an assault meant to avert ever more heat waves, rising sea levels, floods and more powerful storms.
In Washington, Energy Secretary Steven Chu said the United States should focus on reducing its own emissions before outlining how it might place carbon tariffs on energy-intensive goods from developing countries such as China and India.
“We don’t need to go there at this moment,” Chu told the Reuters Washington Summit. Carbon tariffs were featured in the climate bill the House of Representatives narrowly passed in June but are bitterly opposed by developing countries. In the debate on aid, the EU’s executive, the European Commission, suggested last month the bloc provide up to 15 billion euros ($22.46 billion) a year by 2020 to break the impasse.
