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Development Banks Climate Pledge: $100 Billion a Year

2015-10-22 23:19:00| Climate Ark Climate Change & Global Warming Newsfeed

Environment News Service: The worlds multi-lateral development banks have pledged to boost climate finance by committing a total of US$100 billion a year by 2020 to help developing countries mitigate and adapt to Earths warming climate. Finance ministers met in Lima, Peru earlier this month in advance of the United Nations Climate Change Conference set for Paris in December, when a legally-binding, universal global climate agreement is due to be signed. French Foreign Minister Laurent Fabius said, This is a positive...

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