The EU is reportedly willing to begin its funding next year, although a new global climate deal replacing the Kyoto Protocol is not expected to become effective before 2013. The new EU move is an attempt to signal willingness to reach a global deal at the UN climate conference in Copenhagen in December.
According to the web edition of the Danish daily, Politiken, the European Union suggests a global sum of annually five to seven billion euro during the period 2010-2012. EU expects to fund around a third of the total amount.