Africa: U.S. to Join Climate Fund for Poor Countries

Secretary of State Hillary Clinton on Thursday announced the United States is willing to join other rich countries in raising US$100 billion in yearly climate financing for poor countries by 2020.

The announcement could give a boost to deadlocked climate talks which have faltered over disputes between rich and poor countries over emissions cuts and climate financing.

Mrs Clinton said that the financing is contingent on world leaders reaching a broader climate pact at the UN talks in Copenhagen.

She says the deal must include all major economies, meaningful actions to cut greenhouse gas emissions and a system to ensure all parties’ actions are transparent.

"$100 billion is a lot…. It can have tangible effects. We think this money is appropriate and useful," she told at a news conference in Copenhagen.

She added: "We expect that the funding will come from a variety of sources. We are glad that the funding will give significant focus on forestry and adaptation issues." 

Source: Allafrica

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