EU to Propose $200 bln Climate Tax on Rich Nations

EU to propose $200 bln climate tax on rich nations
Thu Jan 22, 2009 11:13am EST
By Pete Harrison and Gerard Wynn

BRUSSELS/LONDON, Jan 22 (Reuters) - Rich nations could raise $200 billion in climate funds through a levy on their greenhouse gases from 2013-2020 to help poor countries prepare for global warming, the European Union will say next week.

The plan is set out in an EU paper outlining the bloc's position ahead of U.N.-led climate talks in Copenhagen in December, meant to agree a new, global climate treaty.

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