Where Will UN's Green Climate Fund Be Headquartered? Hint: Not In The United States

[hatrack]

EDIT

The Green Climate Fund is to be sited in Songdo, Incheon City, South Korea, the board of the fund said. Germany, Mexico, Namibia, Poland and Switzerland had also sought to be the headquarters.

Developed nations agreed in 2009 to raise climate aid, now about $10 billion a year, to an annual $100 billion from 2020 to help developing countries curb greenhouse gas emissions and cope with floods, droughts, heatwaves and rising sea levels.

So far, there has been no discussion by the fund about how to raise $100 billion, from public and private sources. The fund is now empty and the economies of many developed nations are struggling.

The decision will be put to environment ministers for approval at a meeting in Doha, Qatar, from November 26-December 7.

EDIT

http://www.reuters.com/article/2012/10/20/us-climate-fund-idUSBRE89J05P20121020?feedType=RSS&feedName=environmentNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2Fenvironment+%28News+%2F+US+%2F+Environment%29

[AverageJoe90]

1. Why South Korea? They're not much better than the U.S., TBH.

Switzerland would have been a far better choice, I think.