I just grazed this in the earlier piece on Obama and Copenhagen, but the White House today said a deal on aid for helping developing nations tackle climate change is taking shape.
“This week, the President discussed the status of the negotiations with Prime Minister Rudd, Chancellor Merkel, President Sarkozy, and Prime Minister Brown and concluded that there appears to be an emerging consensus that a core element of the Copenhagen accord should be to mobilize $10 billion a year by 2012 to support adaptation and mitigation in developing countries, particularly the most vulnerable and least developed countries that could be destabilized by the impacts of climate change,” White House press secretary Robert Gibbs said in prepared remarks today.
“The United States will pay its fair share of that amount and other countries will make substantial commitments as well,” he added.
United Nations climate chief Yvo de Boer has called for $10 billion annually in the 2010-2012 period. Far more will be needed in the long-term, he said earlier this week.