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Green Climate Fund clears way for $2.5 bln funding challenge

2016-03-11 05:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The Green Climate Fund made progress in closing administrative and policy gaps at a meeting in South Korea this week, and now faces the uphill task of allocating $2.5 billion this year for projects to tackle climate change, experts said. The 24-member board of the fund, which aims to become a major channel for tens of billions of dollars to help poorer nations develop cleanly and adjust to more extreme weather and rising seas, approved 13 new agencies to carry out projects. It also agreed to...

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