WorldNews Posted October 14, 2016 Share Posted October 14, 2016 By Alister Doyle and Megan Rowling OSLO/BARCELONA (Reuters) - An international fund set up to help developing nations tackle global warming approved $745 million for projects on Friday, but a senior official said a goal of signing off on $2.5 billion by the end of 2016 may slip out of reach. The Green Climate Fund (GCF) board, meeting at its headquarters in South Korea, approved funds for 10 projects including geothermal energy in Caribbean nations, controlling flood risks from melting glaciers in Pakistan, and green energy in sub-Saharan Africa. The new funding raised the GCF total of approved projects so far in 2016 to about $1 billion, well behind schedule to realize the $2.5 billion target for its first full year of operation. Continue reading... Quote Link to comment Share on other sites More sharing options...
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