A group called The Africa Group whose spokes person is Ethiopian leader Meles Zenawi has made a demand for USD 30 billion to be granted African countries to tackle environmental damages caused by climate change.  According to the plan, the start up funding will span three years from 2010 to 2012 with yearly release of USD 10 billion.

Mr. Zenawi quite responsibly, as if reading the lips of his global audience, advised that the funding should be put in a trust fund to be administered by a group of trustees composed of equal number of donor and recipient countries.  On long-term financing, he proposed that this should start by 2013 to reach up to USD 50 billion per annum by 2015 and USD 100 billion per annum by 2020.

Read more (This Day – African news on Global news)