LONDON, June 26 (UPI) -- Britain's prime minister suggests setting up a $100 billion-a-year fund to help the world's poorest nations adapt to the impact of climate change.
Gordon Brown said Friday he'll propose such a fund at the Copenhagen conference on climate change scheduled later this year, The Times of London reported Friday.
Brown said the fund could be financed through the growth of the international carbon market and pledged that Britain would pay its "fair share."
"Over recent years the world has woken to the reality of climate change," Brown said. "But the fact is that we have not yet joined together to act against it."
He offered to back a Norwegian proposal for setting aside and auctioning a small percentage of national emissions allowances to help finance assistance to developing countries.
"An ambitious agreement in Copenhagen is certainly achievable. And yet it remains far from certain," he said.