We agreed:
To work for an ambitious deal in Copenhagen, consistent with a maximum global warming of two degrees, to which all parties contribute, and which enables the EU to reduce its emissions by 30% by 2020.
Rainforest countries need the security of finance now and for the coming years. We believe around 20% of early finance should be allocated to forest protection. We want the Copenhagen agreement to agree a reduction in deforestation of 25% by 2015, leading to a 50% reduction in 2020 and a halt in 2030. The developed world should pay for the majority of this, supporting developing countries' own efforts.
To this end we will work with developed countries and rainforest nations over the next few days to deliver an equitable and effective agreement on forest finance and governance. We will jointly attend a conference of rainforest countries of the Congo basin next week in Paris .
That long term financial support is needed to assist developing countries meet the costs of mitigation and adaptation, estimated at around €100 billion, in 2020.
We are determined that Copenhagen agrees to put in place stronger global environmental governance.
There is much at stake at Copenhagen . We will be doing all in our power to reach the ambitious and comprehensive global agreement the world needs.
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