Skorea picked to host $100b global climate fund
Skorea picked to host $100b global climate fund"
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SEOUL, South Korea -- South Korea says it has been chosen to host a new U.N. climate fund that aims to channel $100 billion a year in aid to developing nations. Seoul's Finance Ministry
says the decision was made Saturday in a vote by the fund's 24-member board in Songdo, South Korea. The Green Climate Fund is envisioned as the world's biggest financier for
helping developing nations adapt to climate change and move toward low-carbon economic growth. It would draw and distribute $100 billion that rich nations have pledged annually by 2020. Six
nations _ South Korea, Germany, Mexico, Namibia, Poland and Switzerland _ vied to host the fund. Officials say the decision to pick South Korea is expected to be endorsed at the U.N. Climate
Conference in Qatar later this year.
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Skorea picked to host $100b global climate fundSEOUL, South Korea -- South Korea says it has been chosen to host a new U.N. climate fund that aims to channel $100 bill...
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