U.S. promises $30 billion in climate aid

By WND Staff

Nov. 28 (Bloomberg) – Rich countries are set deliver $30 billion in short-term climate change-financing and remain committed to find $100 billion a year by 2020, a U.S. State Department official said.

The U.S.’s “fast-start” funds for fiscal 2011 totaled $3.1 billion, up from $2 billion a year earlier, Jonathan Pershing, deputy special envoy for climate change, told reporters today at United Nations-led climate negotiations in Durban, South Africa.

Read the whole story at Bloomberg Businessweek.