Climate money robs health aid: Gates

Bill Gates, the world’s richest man, said on Sunday spending by rich countries aimed at combating climate change in developing nations could mean a dangerous cut in aid for health issues.

Bill Gates, the world’s richest man, said on Sunday spending by rich countries aimed at combating climate change in developing nations could mean a dangerous cut in aid for health issues.

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Gates, the Microsoft Corp co-founder whose $34 billion (21 billion pounds) foundation is fighting malaria, AIDS, tuberculosis and other diseases in developing countries, expressed concern about the amount of spending pledged at December’s Copenhagen global climate meeting.

Participants at the meeting agreed to a target of channelling $100 billion per year to developing countries to combat climate change by 2020. Gates said amount represents more than three quarters of foreign aid currently given by the richest countries per year.