UK PM proposes $100 billion global fund to ease emissions reduction costs for Third World

In the UK, prime minister Gordon Brown proposed the creation of an international $100 billion fund to distribute to Third World nations for alleviating the costs of reducing greenhouse gas emissions. The fund would be paid by sale of carbon credits. The proposal is aimed to break a logjam in international climate treaty talks, just six months before the Copenhagen meetings scheduled to finalize a successor to the Kyoto Treaty.

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