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U.N. green climate fund, aiding poor, to pick HQ in 2012

Sat, 08/25/2012 - 9:25am
Reuters

OSLO (Reuters) - Leaders of a fledgling U.N. green fund agreed at a first meeting on Saturday to pick a headquarters this year as part of a plan to oversee billions of dollars in aid to help developing nations fight global warming.

The three-day meeting in Geneva heard pitches from the six countries -- Germany, Mexico, Namibia, Poland, South Korea and Switzerland -- that want to host the Green Climate Fund, the main U.N. body due to manage $100 billion in aid from 2020.

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