Hillary Clinton has given US backing to proposals for a $100 billion-a-year international fund to tackle global warming in developing countries in a boost for deadlocked talks at the climate change summit in Copenhagen.
The US Secretary of State said the science for climate change is now “undeniable” and the world must agree a deal in the next 48 hours.
In a move that will widely be seen as a grand gesture to force developing countries to sign up to a deal, she said the US would be willing to pay into a global fund of $100 billion (£60bn) per year by 2020 to help the “most vulnerable” adapt to floods and droughts.
But she said the money would only be offered on the condition that major developing nations such as China and India agree to “transparent” actions on cutting emission.
“In the context of a strong accord in which all major economies stand by meaningful mitigation actions and provide full transparency as to their implementation, the US is prepared to work with other countries to mobilise $100 billion by 2020 to address climate change needs in developing countries,” she said.
The $100 billion fund was first suggested by Gordon Brown in June this year and America’s offer will boost the UK Prime Minister's credentials abroad.