which the world commits to carbon neutrality. and on a 30 point from the communique, i would summarise for you that it is about climate financing. this is the aim in which wealthier countries would give $100 billion per year to poorer countries to help them fight climate change and transition to a greener economy. that 100 billion should have been reached last year by 2020. it hasn t been. it is about 20 billion short. it has been pushed back to 2023. the draught communique says we recall and reaffirmed the commitment of the hundred billion dollar annual climate finance target. in summary, i would say this seems to be a step in the right direction. no concrete view or concrete actions. and in a sense, it pushes the hard
portugal, ireland and italy. we haven t got a concrete view yet, main stream view, which will prevail. it s a tense time building up to that thursday meeting. steve sedgwick in london, thanks. efforts in washington, d.c. to make a deal on the deficit. both houses of congress now rolling out separate compromise plans in a bid to stave off a u.s. default. senate majority leader harry reid is joining with his republican counterpart, minority leader mitch mcconnell, to craft a solution trying to appeal to both parties. according to reports, though, the proposal would allow the debt ceiling to be raised three times over the next year for a total of $2.5 trillion in exchange some $1.5 trillion in spending cuts would be enacted. and the plan would also establish a congressional committee to identify new deficit cuts. but the proposal is already getting a luke warm response
move forward on this? the german, the pay masters throughout europe, are very concerned that once again the buck will stop with them and they will end up paying disproportionately large amounts to bail out not only greece, portugal, ireland and italy. we haven t got a concrete view yet, main stream view, which will prevail. it s a tense time building up to that thursday meeting. steve sedgwick in london, thanks. efforts in washington, d.c. to make a deal on the deficit. both houses of congress now rolling out separate compromise plans in a bid to stave off a u.s. default. senate majority leader harry reid is joining with his republican counterpart, minority leader mitch mcconnell, to craft a solution trying to appeal to both parties. according to reports, though, the proposal would allow the debt ceiling to be raised three times over the next year for a total of $2.5 trillion in exchange some $1.5 trillion in