Obama to pledge $3 billion for international 'green' fund

U.S. President Obama delivers an address to the Young Southeast Asian Leaders Initiative in YangonWASHINGTON (Reuters) – President Barack Obama on Friday will announce a $3 billion U.S. contribution to the green climate fund, an international effort to help poor countries cope with the effects of climate change, according to an administration official. Obama is expected to announce the pledge at this weekend’s meeting of G-20 industrial nations in Australia. The contribution would make the second major move on climate change taken by Obama after big Democratic losses in last week’s midterm elections. …

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