Minutes after the United Nations summit’s chairman warned delegates that “we are not where we need to be in order to close this conference with tangible and robust outcomes,” the EU’s top climate official made a surprise offer. To applause, he proposed a two-pronged approach that would create a pot of money for poor countries and push for steeper cuts of heat-trapping emissions by all countries, as well as the phasing down of all fossil fuels, including natural gas and oil.

The issues of compensation and pollution-cutting “are two sides of the same coin as far as the European Union is concerned,” said European Union Executive Vice President Frans Timmermans, making clear that the 27-nation bloc won’t offer more money unless there are concessions on emissions targets.

via MSN.com

Minutes after the United Nations summit’s chairman warned delegates that “we are not where we need to be in order to close this conference with tangible and robust outcomes,” the EU’s top climate official made a surprise offer. To applause, he proposed a two-pronged approach that would create a pot of money for poor countries