The Green Climate Fund, created as part of a deal struck in December 2011 at the 194-nation climate talks in Durban, South Africa, will be led by Ewen McDonald, deputy head of Australia’s international development agency, and Zaheer Fakir, head of international relations for South Africa’s environment agency, the fund said in a statement on Thursday. It would receive and distribute $US100 billion that rich nations have pledged annually by 2020 to help poorer countries adapt to changing climate conditions and to move toward low-carbon economic growth. Read More
