Raising $100 Billion for Climate Fund in Dispute

U.N. Secretary-General Ban Ki-moon says raising billions of dollars to fight climate change is a necessity, not a luxury, even in financially hard times.

Mobilizing $100 billion a year, much of it to be channeled through a new Green Climate Fund, is a central issue at the 194-nation U.N. climate conference being held in South Africa’s coastal city of Durban.

Ban said Wednesday that while many countries are tightening budgets, contributing money to fight climate change is “an imperative. We have to do it.”

Original article published at www.uncsd2012.org

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