EU Agrees Climate Pledge To Boost Copenhagen

"EU leaders have agreed to pay 7.2bn euros (£6.5bn; $10.6bn) over the next three years to help developing nations adapt to climate change. Announcing the deal, Swedish Prime Minister Fredrik Reinfeldt said all 27 EU member nations would contribute and that the EU was doing its ""fair share"". UK Prime Minister Gordon Brown said the UKs promise, at £500m ($800m; 553m euros) a year was the highest. EU officials say the deal may boost the ongoing UN climate talks in Copenhagen. The president of the European Commission, Jose Manuel Barroso, said he was confident the agreement could kick-start the final negotiations there. The money pledged is for a ""fast start"" fund to help the worlds poorest nations tackle rising sea levels, deforestation, water shortages and other consequences of climate change between 2010 and 2012, and reduce their own emissions. "