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Malta accepts to participate, negotiates good deal

Prime Minister Lawrence Gonzi yesterday committed Malta's voluntary participation in the EU's efforts to push for a global deal on climate change during ongoing talks in Copenhagen. Malta's commitment was made following tough negotiations during the first session of an EU Summit yesterday night in Brussels.

According to estimates made by the government, calculated on a formula related to its GDP, population and size, the island will be forking out some €600,000 split between 2010 and 2012. Malta's contribution is similar to that of other small member states.

EU Council told The Times that Malta has managed to pull a good deal while making sure the island would also give its fair share.

Talks on the financial contribution each member state is to put in the EU's kitty for the final round of the Danish talks next week dominated yesterday's meeting of the 27 EU leaders.

"We wanted to show that for us climate change is not simply empty words. We are showing that despite being small we are also ready to play our part in concrete terms," Dr Gonzi said when emerging from the late night negotiations.

This is the first part of the contribution to be made by the EU in order to help developing countries take the necessary measures to reduce greenhouse gas emissions.

If a global deal is reached next week in Copenhagen on a new post-Kyoto climate change protocol, the EU is expected to start contributing €30 billion a year up to 2020 in order to push for a worldwide cut in emissions of between 20 and 30 per cent on 1990 CO2 levels.

Apart from this financial contribution, Malta is also committed to take the necessary measures to reduce greenhouse gasses. The island will be taking measures to reduce its CO2 emissions by 20 per cent in 2020 and to produce 10 percent of its energy requirements through renewable energy.

The EU is expected to be forking out an initial €6 billion until 2012. The bulk will be put on the table by the richest member states.

Dr Gonzi, who will be joining world leaders at the final stage of the climate change negotiations in Copenhagen next week, said that he is optimistic an important breakthrough will be reached.

The EU summit will end today.

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