Citigroup Inc Unveils $100 Billion Climate Change Fund To Back Clean Energy And Resiliency Projects

http://www.ibtimes.com/citigroup-inc-unveils-100-billion-climate-change-fund-back-clean-energy-resiliency-1820444

Citi’s pledge comes as the United Nations aims to raise $100 billion per year in public and private climate financing for 2020 and beyond. The money would help poorer nations comply with emissions reduction targets under a global treaty, which nearly 200 nations are negotiating this year. Wealthy nations last year raised an initial $10 billion for a U.N.-run Green Climate Fund, but that will cover only a sliver of expenses related to fighting and adapting to climate change.