South Korea chosen to host new UN climate fundOctober 20, 2012 - 11:14 AMT PanARMENIAN.Net - South Korea says it has been chosen to host a new UN climate fund that aims to channel $100 billion a year in aid to developing nations. Seoul's Finance Ministry says the decision was made Saturday, Oct 20, in a vote by the fund's 24-member board in Songdo, South Korea. The Green Climate Fund is envisioned as the world's biggest financier for helping developing nations adapt to climate change and move toward low-carbon economic growth. It would draw and distribute $100 billion that rich nations have pledged annually by 2020. Six nations — South Korea, Germany, Mexico, Namibia, Poland and Switzerland — vied to host the fund. Officials say the decision to pick South Korea is expected to be endorsed at the UN Climate Conference in Qatar later this year. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |