World Bulletin/News Desk
A new U.N. fund meant to manage billions of dollars to help developing nations combat climate change will be based in South Korea, leaders of the fund agreed on Saturday.
The Green Climate Fund is to be sited in Songdo, Incheon City, South Korea, the board of the fund said. Germany, Mexico, Namibia, Poland and Switzerland had also sought to be the headquarters.
Developed nations agreed in 2009 to raise climate aid, now about $10 billion a year, to an annual $100 billion from 2020 to help developing countries curb greenhouse gas emissions and cope with floods, droughts, heatwaves and rising sea levels.
So far, there has been no discussion by the fund about how to raise $100 billion, from public and private sources. The fund is now empty and the economies of many developed nations are struggling.
The decision will be put to environment ministers for approval at a meeting in Doha, Qatar, from Nov. 26-Dec. 7.
International charity Oxfam welcomed the decision to site the fund in South Korea and urged action to fill it.
"South Korea must work to get all developed countries to make immediate pledges to the Green Climate Fund at Doha," Oxfam climate change program manager David Waskow said.
"The millions of poor people who need help coping with extreme weather events and destroyed harvests cannot afford for another U.N. Climate Conference later this year to close with the question of funding for adaptation still unresolved," he said.
South Korea has been favoured partly as a bridge between rich and poor nations, diplomatic sources said.
Its strong economic growth meant it joined the OECD, the club of rich nations, in 1996. Under definitions laid down by the 1992 U.N. climate convention, however, it is still among developing nations.
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The Israeli authorities announced a decision early last month to confiscate 4,000 dunams of Palestinian land in the occupied West Bank.
Transport minister Damir Hadzic described the move as a 'historic event'.
Kenyan anti-terrorism police arrested the two on suspicion of plotting an attack in Kenya as they prepared to board a flight at Nairobi aiport on Sept. 18 bound for Belgium.
Egypt-Turkey relations have nosedived since Egypt's military ousted elected president Mohamed Morsi in July of last year.
New Afghanistan President Ashraf Ghani re-opened an inquiry into the theft of almost $1 billion from Kabul Bank with a decree.
Nine other people were wounded, seven of whom were taken to hospital for treatment.
Putin said Russia security services had detected a constant growth in cyber attacks, particularly in the last six months, the period in which the crisis in Ukraine has worsened.
Turkish Cypriot students attending an English school in the Greek Cypriot-controlled south Cyprus are told they cannot have time off for Eid as it is a 'Chrstian school'.
Moazzem Begg, 46, who became a high-profile human rights campaigner after being released without charge from the U.S. military prison in Cuba in 2005, had been held for seven months in custody.
Kurdish sources on the battlefront reported seeing dead ISIL fighters at the strike sites southeast of Kobani.
Former Norwegian prime minister Jens Stoltenberg will become the 13th secretary general of NATO.
China’s Consulate-General in Osaka confirmed the sinking of the vessel about 390 kilometers off Japan's Shimane Prefecture.
Former Bosnian Serb leader Radovan Karadzic rejected the charges in closing remarks at the International Criminal Tribunal for the former Yugoslavia.
Poland's new Prime Minister Ewa Kopacz said that as well as Poland meeting the technical criteria for euro entry, the euro zone needed to show it was stable.
"The meeting would bring together members from the PLO's executive committee, the central committee of Fatah and secretaries of Palestinian factions," senior PLO member Wassel Abu Youssef said.