Climate deal gains with Brazil pollution plan and European cash

Vanessa Dezem, Anna Edgerton, and Alex Nussbaum – Bloomberg Business, 9/27/2015

Brazil said it will seek to cut its global warming pollution by 37 percent while France and the U.K. pledged billions of dollars more in aid to poorer countries as world leaders try to build support for an international agreement to tackle climate change.

The announcements during United Nations meetings in New York offered progress on two of the toughest issues in the climate negotiations: whether developing nations would commit to emissions cuts and how much rich nations would provide in financing to help them get there. After a meeting among 30 nations on Sunday, French President Francois Hollande said he was optimistic a deal could be reached when negotiations wrap up in Paris this December.

“There is undoubtedly a will” among countries to reach a deal, Hollande told reporters Sunday. “Everyone is now convinced that there will be an agreement in Paris.”

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