Barack Obama will make a substantial pledge to a fund to help poor countries fight climate change, only days after his historic carbon pollution deal with China. In a one-two punch, the US plans to pledge a maximum of $3bn over the next four years to help poor countries invest in clean energy and cope with rising seas and extreme weather, according to those briefed by administration officials. The White House told campaign groups and thinktanks that the figure was conditional on other countries making ambitious funding commitments. The American contribution would be capped at 30% of the fund, and the US would stump up the full $3bn only if the fund met its initial $10bn target, the official said. - Suzanne Goldenberg
Posted on: Fri, 14 Nov 2014 20:24:46 +0000
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