Update: U.N. Sec-Gen Ban Ki-moon urged World Leaders to Finalize Financing for Multibillion-Dollar Fund to Fight Effects of Climate Change

"Delegates at a U.N.-sponsored climate change conference that starts Nov. 28 in Durban, South Africa, are to consider ways to raise $100 billion a year for the Green Climate Fund created last December to help countries cope with global warming.
Ban told the opening session of a climate meeting in Bangladesh's capital that the world should make a concerted effort to finance the fund. "Governments must find ways — now — to mobilize resources up to the $100 billion per annum pledged," he said. "An empty shell is not sufficient."

Representatives of about 30 nations in the Climate Vulnerable Forum are meeting for two days in Dhaka to formulate a united stand on funding for schemes to limit the damage from global warming. The countries from Africa, the Americas, Asia and the Pacific are also seeking action by industrialized nations to cut carbon emissions and provide technical and financial support."

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