SKorea picked to host $100B global climate fund

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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 fund

SEOUL, 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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SKorea picked to host $100B global climate fund

SEOUL, South Korea -- South Korea says it has been chosen to host a new U.N. climate fund that aims to channel $100 bill...

Praise the Lord and Pass the Petition

Ira Chernus is Professor of Religious Studies at the University of Colorado at Boulder. He is the author of American Non...

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