UN-Backed Fund Pledges $1 Billion for Climate Projects in Developing Countries

 

Beginning of dialog window. Escape will cancel and close the window. The UN-backed Green Climate Fund has pledged $1 billion in new projects and programs for developing countries. The commitment is in prelude to the UN climate talks in December, where member nations will discuss implementing the Paris Agreement, the legally binding document 195 nations signed in 2015, committing them to limiting global warming by reducing emissions. The 19 new projects approved over the four-day meeting in Bahrain (which ended Sunday) include investing in renewable energy in Tonga, transforming financial systems in Africa and South America, and enhancing climate resilience in India’s coastal communities. Other projects address water resources, food security, and electricity grids in developing countries around the world. UN-Backed Fund Pledges $1 Billion for Climate Projects in Developing Countries

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