There may be a lot of truth to this report, but it's going to be a hard time to find any country - EU or US - that is willing to increase funding for much of anything. The rich countries are the major polluters so yes, they most definitely should be funding the poorer countries. It may not be right but that is simply the state of the global economy for the time being. The Guardian:
The papers, seen by the Guardian, show that the EU has removed lines in the negotiating text of next month's Copenhagen climate change summit which stress the principle that climate change aid comes on top of existing development aid. The EU negotiating team has written: "Cannot accept reference to 'additional to', and 'separate from' ODA [official development assistance] targets."
Aid agencies said Europe threatened to fatally undermine the talks.
"No developing country will sign up to an agreement that could give them no extra money at all. The EU and other rich countries must provide new and additional finance, otherwise there will be no deal at all," said Rob Bailey, Oxfam's senior policy adviser. Developing nations have been unanimous and implacable on the terms of the finance deal.
