South Korea chosen to host new UN climate fund October 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. Partner news  Top stories If true, the exclusion of Rafsanjani and Mashaie would leave the presidential race dominated by hardline conservatives. Amy Elliott, chief administrative officer of the Oklahoma medical examiner's office, said 51 were confirmed dead. An Islamist insurgency, once confined largely to the republic of Chechnya, has spread across the North Caucasus in recent years. Earlier, at least five Azerbaijan soldiers were killed and six seriously injured when their vehicle rammed into a tree and overturned.   Partner news |  Latest news Apple, Google named most valuable global brands  Both companies saw an increase in brand value over 2012, while IBM – which came in third on the list – saw a decrease in value.Reese Witherspoon stars in Atom Egoyan’s “Devil’s Knot” The crime thriller stars Witherspoon as the mother of Steve Branch, one of the three children savagely murdered in Arkansas in 1993.Author Dennis Lehane reteams with DiCaprio on “Travis McGee” crime pic DiCaprio is also a producer on Live by Night, which Ben Affleck is prepping as his directorial follow-up to Argo and is based on Lehane’s novel.“The Paperboy” star Zac Efron to topline "Narc" true-crime project Efron will soon be seen in the JFK assassination drama "Parkland" and the romantic comedy "Are We Officially Dating?" |
