(allafrica.com) - Less developed economies and Africa in particular would from today at the commencement of the UN climate change summit in Copenhagen, Denmark seek financial compensation, technology transfer and capacity building from developed economies to mitigate climate change.

Minister of Environment, Mr. John Odey said African and other developing nations would anchor their demand for compensation at the floor of the United Nations climate change summit in Copenhagen, Denmark on the need for equity.

He said with a new global report which revealed that Africa only produces less than four percent of the cause of climate change while the rest come from the developed world, their demand for compensation would be strengthened at the confab.

Odey recalled that during the African Union summit in Addis-Ababa, Ethiopia, it was agreed that Africa should seek compensation based on the high vulnerability of the continent to the scourge of climate change.

Part of the compensation pact, he said would not only stop at funds but technology transfer and capacity building on ways of effecting altitudinal change that can help Africa come out of the woods.

He said though bad effects of climate change are global, but "studies have shown that Africa remains more vulnerable and as such deserves more plan of action."

Odey, however, said the national guide towards combating the threats of climate change as approved by the president is part of the Federal Government's efforts in raising the fight against the scourge.

Odey said Nigeria according to international reports would be largely affected based on its size, population and agricultural activities, stressing that statistics also show that the intensity of climate variations being currently experienced across the existing climate types in the country would increase.

"Droughts, desertification, floods, erosion, and ocean surges are likely to increase their intensity as time goes on," he said.