Gordon Brown puts $100bn price tag on climate adaptation

Gordon Brown today attempted to seize the political initiative on climate change by calling for rich countries to hand over $100bn (
Under the plan, funding would begin in 2013 and rise to $100bn a year by 2020. The money would be raised from private and public sources, such as levies on international carbon trading schemes. Developing countries would be able to apply for funds for specific projects. “I would urge the leading developing countries to bring forward ambitious and concrete propositions … that could be financed by these sources,” Brown said.

Brown is expected to discuss the plan with world leaders including Barack Obama. Because the UK will negotiate at Copenhagen as part of the EU-bloc, the suggestion will have to be agreed in Brussels before it could be put forward as a formal offer as part of the Copenhagen negotiations.

Guardian