How on earth will poorest nations fund climate deal?

December 14, 2015 10:10 AM

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The path to good green intentions is strewn with obstacles that could waylay a $100 billion plan to help poorer countries fight climate change. These range from the adequacy of the fund's size to its secrecy-minded operations. And it's all part of a worldwide effort mandated by the Paris climate deal, whose overall cost could reach $16.5 trillion.

Part of the climate accord struck over the weekend in Paris, the Green Climate Fund will subsidize the developing nations in adopting such steps as carbon-free power generation and protections against global warming-linked catastrophes like hurricanes and rising seas.

Also read: China's Didi looks to raise $1.6 billion via asset-backed securities

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