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Green Climate Fund gets $9.3 bln in pledges at Berlin conference
November 20, 2014 / 12:05 PM / 3 years ago

Green Climate Fund gets $9.3 bln in pledges at Berlin conference

BERLIN, Nov 20 (Reuters) - A group of nations pledged on Thursday a total of $9.3 billion to a United Nations fund designed to help developing nations tackle climate change, coming close to a $10 billion target and giving impetus to talks on a climate deal in France next year.

The U.N. Green Climate Fund (GCF) is a major part of a plan agreed in 2009 under which rich countries pledged to mobilise $100 billion a year from both public and private sources from 2020 to developing countries to tackle carbon emissions.

Developing nations have said the fund is a vital for any deal in Paris in late 2015 to limit rising temperatures. The U.N. target of $10 billion for the Fund is below a goal of $15 billion mentioned by developing nations earlier this year. (Reporting by Madeline Chambers; Editing by Noah Barkin)

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