Vulnerable nations launch 'V20' to fight climate change

Finance ministers from 20 of the countries most vulnerable to climate change launched the “V20” group Thursday to pool resources for their fight against the impact of global warming. It pointedly held its inaugural meeting just ahead of a gathering of G20 finance ministers in the Peruvian capital Lima, where economic policy-makers from around the world are gathered this week for the annual meetings of the International Monetary Fund and World Bank. The launch came as the clock ticks down to key United Nations climate talks in December that will seek a comprehensive deal on curbing carbon emissions and saving the planet from the potentially disastrous impacts of global warming.

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