U.N. climate draft proposes $100 billion fund
CANCUN, Mexico (Reuters) - A draft accord from a U.N. climate conference on Friday proposed a raft of modest deals, including a $100 billion (63.28 billion pounds) annual "green fund" by 2020, a temperature target and payments to protect tropical forests.
The draft aimed to limit global warming to less than 2 degrees Celsius (3.6 F), and would deliver "adequate and predictable support, including financial resources" for developing countries that protect their forests.
To become a U.N. decision, the draft, agreed by groups of ministers, would have to be cleared by a conference of about 192 countries at a full meeting in Cancun, Mexico, on Friday or Saturday.
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