by Staff Writers
Geneva (AFP) Aug 25, 2012
The Green Climate Fund, which will help poor countries fight global warming, will hold its next meeting from October 18 to 20 in South Korea, the body said Saturday.
The fund was launched at a UN climate conference in Durban, South Africa, last year to help channel up to $100 billion (80 billion euros) a year in aid to poor, vulnerable countries by 2020 via investments from both public and private sources.
Its 24-member board wrapped up a first meeting in Geneva on Saturday after three days of discussions to lay the foundations of the fund, selecting Songdo in South Korea as the location of its next gathering, a statement said.
The board also decided on its process for selecting the country that will host the fund's headquarters, the interim secretariat said, without detailing the strategy.
Of the six nations competing to host the fund -- Germany, Mexico, Namibia, Poland, South Korea and Switzerland -- one will be formally designated in late November at the United Nations Framework Convention on Climate Change (UNFCCC) conference in Doha, Qatar.
The Swiss press reported that Geneva and Bonn, which currently hosts the interim secretariat, are tipped as favourites.
Bringing Order To A World Of Disasters
A world of storm and tempest
When the Earth Quakes
Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.
China bridge collapse kills three
Beijing (AFP) Aug 24, 2012
Three people were killed and five injured when an eight-lane bridge in northeast China collapsed early on Friday, only nine months after it opened, state media said. The bridge, part of an airport expressway in Harbin city, only opened last November after two years of construction that cost 1.9 billion yuan ($300 million), China News Service reported. A 100-metre (320-foot) section broke ... read more
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|