Friday, June 20, 2008

US seeks support for climate fund


The US has called on the world's eight most industrialised nations to invest in a $10bn (£5bn) climate change fund.

The Climate Investment Funds, run by the World Bank, aims to help developing nations produce their own technology to mitigate the impact of global warming.

US Treasury Secretary Henry Paulson is meeting leaders from Group of Eight countries including Britain, Japan, Canada and France at a two-day event.

Leaders are also set to debate rising oil and food prices.

See full Article.