Green Climate Fund faces delay amid mounting objections

Article by Katie Kouchakji

"Discussions in the plenary of the Conference of the Parties (COP) to the UN climate convention yesterday saw a host of countries object to the (Transitional Committee's Green Climate Fund) report, including Egypt, Saudi Arabia, the Philippines, Bolivia and Nicaragua.

Yesterday, however, 'the US was silent on the whole discussion,' said Steven Gray, vice-president at asset management firm Climate Change Capital in London, who was present at the deliberations."

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Green Climate Fund faces delay amid mounting objections