Denmark is one of the first countries in the world to “earmark” financing for developing countries to strength their capacities to tackle climate change in the short term (2010-2012) and will fund to help them 0.16 billion Euro.The Danish funding is in line with EU’s opinion that deal is needed on both “fast start” financing for developing countries from 2010 to 2012, followed by a significant scaling up of public and private financial flows to developing countries from 2013. EU has estimated the need for 2010 – 2012 to 5 to 7 billion euro, according to EU business.

The United States for the first time outlined a dual path towards cutting greenhouse gases that would involve both President Barack Obama’s administration and the US congress to reduce greenhouse emissions.The EPA on Monday gave the President a new way to cut back greenhouse gas emissions when the agency determined that scientific evidence clearly shows they are endangering American‘s health.The EPA decision was welcomed by other nations in Copenhagen that have called on the US to boost its efforts to cut greenhouse gas emissions.Negotiators on Wednesday, meanwhile, worked to bridge the chasm between rich and poor countries over how to share the burden of fighting climate change, and the top US climate envoy.The Danish Institute for Human rights warns that the possible final agreement on climate change might end up not securing adequate human rights protection for the most vulnerable groups.The small islands states and their supporters claimed the existing agreement, the Kyoto protocol, was not tough enough for the country’s most vulnerable to the consequences of climate change. They wanted a new legally binding protocol to run alongside the existing Kyoto Protocol.The country whose emissions are going up dramatically, really dramatically, is China, Said Todd Stern. He also expressed support for UN call for 10 billion US dollars to be provided internationally from 2010 to 2012 for short term adaptation in vulnerable countries.As US president Barack Obama join the high level negotiations of the UN conference on climate change next week, his domestic opposition will try to make its voice heard in Copenhagen.The Republican delegation will try to pretest as Barack Obama is expected to express his commitment to a new global pact that will combat global warming.The use of fossil fuels should be completely stopped within the next 30 years, and carbon dioxide emissions should come down to not more than one ton per capita in each single country by 2025.These are likely to become the key recommendation at the people’s climate summit taking place at a sports facility in central Copenhagen, not so far from the UN conference.At the event “Amazon Indians, Malawi formers, Tibetan monks and Intuits from Greenland exchanged ideas Wednesday on how to combat global warming at a boisterous alternative forum in Copenhagen on the sidelines of UN climate talks.The main purpose of the event is to convene cooperation between NGO’s and individuals from all over the world.Once finally adapted by the NGO summit, the declaration is intended to be presented to the world leaders gathering in Copenhagen next week.