Are the Europeans serious about global warming???

Their fund is only 50 million euros....shouldn't it be ten times higher???

Rich countries must give poor nations more aid to help them overcome the impact of global warming, international experts have told an EU conference.

"The most vulnerable are the poorer" countries, UN Development Programme chief Kemal Dervis said at the European development conference which ends Friday.

"There is here a phenomenon of an extreme injustice," Dervis added.

"There is an issue of historical responsibility which we cannot escape," he said, highlighting how 70 percent of greenhouse gases are emitted by rich countries, 28 percent by developing countries and only two percent by the world's poorest nations.

Some of the worst hit countries are those in regions vulnerable to drought or floods but which do not have the resources to battle the added pressure from climate change.

The European Commission has created an international alliance to fight climate change and has allocated a 50 million euro budget for the period 2008-2010.