G20 pledges lift Green Climate Fund towards $10 billion U.N. goal

16 November 2014

A promise by Japan on Sunday to give up to $1.5 billion to a U.N. fund to help poor nations cope with global warming puts the fund within sight of a $10 billion goal and brightens prospects for a U.N. climate pact next year.

Japan's pledge, at the G20 meeting of world leaders in Australia, raises the total promised to the Green Climate Fund (GCF) to $7.5 billion, including up to $3 billion by U.S. President Barack Obama on Saturday.

Read more from Reuters