EU climate fund pledge is huge encouragement

The European Union decision to offer as much as 30% of the money needed to help developing countries fight global warming in the next three years is a huge encouragement for the Copenhagen climate talks, the United Nations climate head said Friday. It really is very encouraging indeed that the EU has now agreed on a money offer, Yvo de Boer, the U.N. Framework Convention on Climate Change Executive Secretary, said during a press conference. One of the things that has been holding this process back is lack of clarity on financial commitments, he said.