Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-20-Speech-2-056"
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"en.20091020.5.2-056"2
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"Madam President, we are talking about climate change, but we should be talking about the people who are hardest hit by it, namely those in the least developed countries. In the Maldives, people are fighting rising sea levels, and in Sudan they are fighting for fertile land.
The Commission keeps assuming that market actors will make a substantial contribution to climate-change adaptation. If one talks to all the investors, however, they keep saying the same thing: ‘Yes, we are giving money, but mainly to the emerging economies. We are not going to invest in vulnerable countries.’ After all, these are unstable markets, and the projects involved when it comes to investing in climate-change adaptation are small in size. This is not the kind of thing investors put their money into.
It must now be made very clear that public funding must be channelled to the least developed countries. The World Bank states clearly that the amount concerned must be at least EUR 80 billion. It is time the EU showed serious leadership by making a serious offer rather than offering the vague figure of EUR 2-15 billion. The EU must simply follow Parliament’s lead and come forward with at least EUR 30 billion."@en1
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