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New HQ but little cash for UN climate fund

2013-12-05 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: The UN's new Green Climate Fund (GCF)opened its headquarters in South Korea on Wednesday, facing the key challenge of funding its mission to support low carbon projects around the world. The GCF was essentially created as a mechanism for transferring funds from developed to developing nations to help them counter the effects of climate change. But aside from start-up capital, its coffers are currently pretty bare and the importance of filling them as soon as possible was underlined at Wednesday's...

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