Many (world leaders) support $100 billion a year on climate change (but not $250 billion)

Many support $100 billion a year on climate change

By EDITH M. LEDERER (AP)

UNITED NATIONS — Many world leaders have expressed support for a proposal that would earmark $100 billion a year for the next decade for concrete actions to curb greenhouse gases and help countries cope with the impact of climate change, U.N. Secretary-General Ban Ki-moon said.

Ban said he had sent letters to leaders of the 20 leading economies initially proposing $250 billion annually.

But after talks with British Prime Minister Gordon Brown and European Commission President Jose Manuel Barroso, Ban said they agreed that $100 billion annually until 2020 "could be a good start" not only in financial support but in bridging the gap between developed and developing countries.

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"At long last, leaders focused on climate change financing and got more concrete, with many expressing support for the proposal for $100 billion annually over the next decade" for concrete actions to cut emissions and help nations deal with climate change issues such as floods, drought and extreme temperatures, Ban said.

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