British taxpayers will have to fork out £2.9 billion over the next four years to help the world’s poorest countries cope with global warming, the Government said last night.
The Coalition said the 'climate finance' package was essential if the world was to get a legally binding treaty to stop global temperatures rising by more than 2c.
In the last year alone, the UK has paid £500 million for new wind farms, solar panel power plants and forestry protection schemes across Asia, Africa and South America
But critics say British taxpayers are paying more than their fair share in green aid - and that other Western countries should shoulder more of the burden at a time of massive cuts in public spending. The figures emerged as a new report warned that rising sea levels could destroy more than 300 of the Caribbean’s best loved tourist resorts - causing billions of pounds of damage.
Aid is expected to dominate the latest round of United Nations Climate Change talks in Cancun, Mexico over the next two weeks. Third World leaders say the West is to blame for global warming and that it is unfair that they should have to restrict their economic development by cutting carbon dioxide emissions without compensation.
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