The European Union (EU), yesterday raised an offer by rich nations to help poor countries worst hit by climate change to $300 billion a year in a bid to salvage talks that the developing world warned were on the brink of collapse. Negotiators worked through the night in a windowless sports stadium in the Caspian Sea city of Baku in a search for compromise as the two-week UN climate talks dragged into an extra day. In a year set to be the hottest ever recorded, developing nations bearing the brunt…
Read MoreClimate change: EU raises $300bn annual cash offer Nigeria, other poor nations
