June 1 (Bloomberg) -- U.S. legislators have disengaged from the fight against global warming, even as the administration of Barack Obama remains committed to its emissions-reduction target, according to the United Nations climate chief.
“It’s very evident that the legislative body in the U.S. has disengaged,” Christiana Figueres, executive secretary for the UN Convention on Climate Change, told a news conference at the Carbon Expo in Barcelona. “The administration continues to stand by their 17 percent target.”
The so-called Green Climate Fund being created by UN envoys to help developing nations cope with climate change should be operating by 2020 “at the latest,” Figueres said. “Hopefully before that.”
It may take years to put together the structure of the fund and find the capital amounting to $100 billion a year, she said.
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