Breaking News, World News and Taiwan News.

UN climate fund office to be hosted in South Korea

SEOUL -- South Korea on Saturday won a bid to host the secretariat of a United Nations fund aimed at helping fight global warming, President Lee Myung-bak announced.

The 24-member board of the Green Climate Fund (GCF) selected Songdo International Business District in the western port city of Incheon to house its secretariat.

“We're very pleased to host the GCF secretariat,” Lee told journalists, adding the GCF has the potential to grow into “one of the world's largest international agencies.”

The vote came at the end of a three-day GCF board meeting in Incheon.

The fund was launched at a U.N. climate conference in Durban, South Africa, last year to help channel up to US$100 billion a year in aid to poor, vulnerable countries by 2020 via investments from both public and private sources.

South Korea had been competing with five other countries — Germany, Switzerland, Mexico, Namibia and Poland. Five rounds of voting were held to decide who would host the secretariat.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search