Brazil to create climate fund, technology for poor

Raymond Collitt-Reuters, 01/21/10

Brazil will propose the creation of a joint fund with China, India and South Africa to help poor countries adapt to global warming as part of a broader attempt to revive stalled global climate talks.

Brazil’s Environment Minister Carlos Minc said in an interview late on Wednesday that he would make the proposal at a climate summit involving the four emerging market nations this weekend in New Delhi.

“Its purpose will be to help very poor countries adapt to climate change,” Minc said, adding that China had already expressed interest in the project.

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