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Obama to Pledge $3 Billion for Climate Change Fund

Corrected

President Barack Obama will pledge $3 billion to a United Nations climate-change fund that’s intended to help poor nations boost renewable energy and counter the ill effects of global warming.

The pledge would make the U.S. the largest donor to the newly established fund, which is a linchpin of efforts to secure an accord within the UN to combat global warming. With pledges in place from Germany and France, and one coming from Japan, the Green Climate Fund is nearing its goal of securing $10 billion in pledges.