China sets price for cooperation on climate change
Source: Reuters
BEIJING, Oct 28 (Reuters) - China wants rich countries to commit 1 percent of their economic worth to help poor nations fight global warming, and will press for a new international mechanism to spread "green" technology worldwide. Unveiling the demands on Tuesday, a senior Chinese official for climate change policy, Gao Guangsheng, said the financial turmoil rattling the global economy should not deter a big increase in funds and technology to poor nations. "Developing countries should take action, but a prerequisite for this action is that developed countries provide funds and transfer technology," Gao told a news conference. "Developed countries' funding to support developing countries response to climate change should reach 1 percent of the developed countries' GDP." Gao said current funds to help fight climate change were "virtually nothing". China will detail its proposal at a conference next week that will assemble representatives from the United States, Europe and many rich and poor countries, he said. (Editing by Nick Macfie)
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