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Debt crisis may harm fight against climate change

By Zhang Haizhou and Cecily Liu | China Daily | Updated: 2011-11-28 07:56

Debt crisis may harm fight against climate change

Experts issue warning ahead of conference in South Africa

LONDON - Eurozone countries suffering from the debt crisis may have trouble meeting their promise to give poorer nations money to help them deal with climate change, experts said ahead of a UN climate summit starting on Monday in Durban, South Africa.

Industrialized countries pledged under the 2009 Copenhagen Accord, a decision confirmed at the 2010 UN Climate Change Conference in Cancun, Mexico, to fund climate vulnerable countries $10 billion a year from 2010 to 2012 with "Fast-Start Climate Finance Pledges (FSF)".

Debt crisis may harm fight against climate change

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