UN Chief Wants Action on $100 Billion Climate Fund

More than five years after President Obama and other leaders agreed on a 2020 goal of raising $100 billion each year from public and private sources to help developing countries deal with climate change, the United Nations wants to see action. Ahead of Earth Day on Wednesday, U.N. Secretary-General Ban Ki-moon is pointing to a meeting next month in New York where he says he will be looking for clear indications from governments and investors as to how the ambitious goal will be reached. “Climate change is the defining issue of our times,” he told a conference hosted by Bloomberg New Energy Finance last week. “It is also an enormous economic opportunity.” On Saturday Ban again tackled the subject, at an International Monetary Fund event in Washington. “We need a credible trajectory for realizing the $100 billion goal per year by 2020, as well as the operationalization of the Green Climate Fund,” he said...more