Developing world needs 100 billion euros a year, say EU leaders

AFP - EU leaders have set a baseline goal for an upcoming world climate summit of 100 billion euros a year by 2020 to help developing countries fight global warming, a draft text said Friday.

"The European Council endorses the (EU) commission estimate that the total net incremental costs of mitigation and adaptation in developing countries could amount to around 100 billion euros annually by 2020," the draft said.

EU leaders broke off their talks overnight unable to agree on exactly how to share out the burden of helping poorer states reduce carbon dioxide emissions, just weeks ahead of the Copenhagen climate summit starting December 7.