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Green Climate Fund hits $10 bln goal, Aust surprise

2014-12-10 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: A new Green Climate Fund that aims to help poor nations cope with global warming reached a U.N. goal of $10 billion on Tuesday at global climate talks in Lima, helped by a surprise donation from Australia. Several of the 190 nations at the meeting welcomed the cash from both Australia and Belgium, but China said rich countries were not working fast enough to meet a broader goal of providing $100 billion a year by 2020 from public and private sources to help the poor cope. "We've got above one...

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