EU raises cash offer to poor nations to $300 billion in bid to salvage climate talks

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EU raises cash offer to poor nations to $300 billion in bid to salvage climate talks The European Union announced on Saturday that it was, in tandem with other rich nations including the United States and Japan, increasing its offer to help poorer countries fight climate change to $300 billion a year. Its previous offer, of $250 billion a year, was seen by many developing countries as a slap in the face and risked scuppering the talks.