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Countries pledge record $4.25 billion for environment

Wed, 05/12/2010 - 1:26pm
Reuters

WASHINGTON (Reuters) - Donor countries on Wednesday pledged a record $4.25 billion over the next four years for the Global Environment Facility, the world's largest public green fund that helps developing countries tackle climate change.

The commitments are a 52 percent increase in new resources for the GEF made by 30 countries at a pledging session in Paris, the group said in a statement.

GEF Chief Executive Monique Barbut said the replenishment of funds is the first "tangible confirmation of financial commitments" made during international climate talks in Copenhagen in December.

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