Thursday, March 15, 2012

US, Japan, Britain urges support for global warming fund as G-8 meet

U.S. Treasury Secretary Henry Paulson urged other Group of Eight industrialized nations Friday to back a special fund of up to US$10 billion to provide money for developing nations to fight global warming.

The threats of climate change and sharing views on soaring oil and food prices were among the topics on hand at a Group of Eight finance ministers' meeting opening Friday.

U.S. Treasury Secretary Henry Paulson appeared with his counterparts from Japan and Britain, and World Bank Group President Robert Zoellick, to encourage G-8 nations to back the fund called Climate Investment Funds.

"None of us in the world are going to solve this …

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