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Green Climate Fund Chief Seeks as Much as $15 Billion

United Nations Green Climate Fund Executive Director Hela Cheikhrouhou is seeking to raise as much as $15 billion by the end of the year so she can start financing projects in poor countries.

There are no hurdles stopping donor nations paying into the fund after it completed rules on how it will collect and disburse them, Cheikhrouhou said yesterday in a phone interview from Songdo, South Korea, where the organization is based. Those guidelines were completed 3 1/2 years after climate envoys from more than 190 nations agreed to set it up.