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Six cities in race to host Green Climate Fund; decision expected on Friday
Korean
officials are making a final pitch to host a U.N.-operated fund which
will be the single largest source of financing for global efforts to
fight climate change.
Songdo, a newly developed international
business district in Incheon, is vying with five other cities to host
the secretariat of the Green Climate Fund.
A decision is expected during a meeting of the fund’s board members in Songdo on Friday.
The
other five competitors are Bonn in Germany, Mexico City, Windhoek in
Namibia, Warsaw and Geneva. Korean officials say it looks like a race
amongst Bonn, Geneva and Songdo.
“It is a tough competition, but we’re hopeful,” a government official involved said.
The
winner of the race will be chosen by a majority vote of 24 members of
the fund, equally spread between developed and developing countries
during their Oct. 18-20 gathering in Songdo.
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