"Spanish Pledge Raises Climate Fund Close To $10 Billion Goal"

"A Spanish pledge of 120 million euros ($150 million) to a fund to help poor nations cope with global warming has raised the total close to the $10 billion U.N. target before a U.N. meeting in Peru next week to work on a climate deal.

The Green Climate Fund (GCF) said on Friday that pledges now totaled $9.7 billion from 22 nations, just shy of the U.N. goal but well short of $15 billion demanded by developing nations for a first capitalization.

'We call upon all countries who have not yet contributed to join in,' Hela Cheikhrouhou, executive director of the Seoul-based GCF, said in a statement."

Alister Doyle reports for Reuters December 1, 2014.

Source: Reuters, 12/01/2014