Top Stories
US TO PLEDGE $3B TO HELP POOR NATIONS WITH WARMING
SETH BORENSTEIN, AP Science Writer
WASHINGTON (AP) — The United States is giving $3 billion to a United Nations fund to help poorer vulnerable countries prepare for a changing climate and develop cleaner energy.
President Barack Obama is to announce the contribution at meeting of world leaders in Australia.
The United Nations is trying to raise at least $10 billion to help developing nations adjust to rising seas, warmer temperatures, and more extreme weather. It also would help the nations come up with energy sources that limit or reduce heat-trapping carbon dioxide emissions from coal, oil and gas.
The American pledge would be the biggest to date and would double contributions to $6 billion, according to international environmental groups.
In 2008, then president George W. Bush pledged $2 billion to a similar fund.
-
Top Stories3 days ago
Dollar jumps, yen weakest since 1990 after strong U.S. retail sales
-
Top Stories4 days ago
Recruiter PageGroup’s quarterly profit slumps 13% as hiring remains subdued
-
Top Stories4 days ago
BNP Paribas to become top investor in Belgian insurer Ageas
-
Top Stories3 days ago
UK fintechs ask government for help to ease capital shortages