ADDIS ABABA, Dec. 16 (Xinhua) -- Africa is not prepared to accept empty words and agreements that undermine its fundamental interest, state media reported Wednesday, citing Ethiopian Prime Minister Meles Zenawi.

"Africa loses more than most if there is no agreement on climate change," the official Ethiopian News Agency quoted Meles as saying at the Copenhagen Climate Change Summit.

"We are determined to make sure that in Copenhagen we will have an agreement that all of us, Africa included, are happy with," he declared.

Meles said Africa, under no circumstance, would accept a deal that would not ensure its interest and benefit.

The funding for adaptation and mitigation of climate change should rise to 100 billion U. S. dollars a year by 2020, said Meles, while making official Africa's position at the summit.

The funding should start by 2013 and reach 50 billion dollars a year by 2015, with the funds allocated for adaptation by vulnerable and poor countries and regions, such as Africa and small island states, he said.

He also suggested the fund should be financed through creative financing mechanisms and the U.N. Framework Convention on Climate Change should mandate a commission of political leaders and experts to review all such funding mechanisms and come up with a reliable system of funding and submit its report within six months.

In the short term, Meles said a start-up fund of 10 billion dollars a year for the three years of 2010-2012 should be established to address urgent adaptation and mitigation.

He proposed that 40 percent of the start-up fund should be earmarked for Africa.

Meles, who represents Africa at Copenhagen climate change talks, has asked the rich industrialized nations to compensate the less developed Africa for the impact of global warming.