UN’s $100 Billion Green Climate Fund Delayed by U.S. Concern

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The U.S., Saudi Arabia and Venezuela joined to raise concerns about the United Nations Green Climate Fund, delaying work on the mechanism aimed at delivering as much as $100 billion a year in aid to developing nations.

The objections raise the risk that the measure won’t be finished in time for the Dec. 9 conclusion of the UN global warming talks in Durban, South Africa. It’s one of the key proposals envoys from more than 190 nations are working to include in a package fighting climate change.