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UN climate draft proposes ${esc.dollar}100 bln fund

by (c) Copyright Thomson Reuters 2010. Click For Restrictions. http://about.reuters.com/fulllegal.asp | Thomson Reuters Foundation
Friday, 10 December 2010 23:28 GMT

CANCUN, Mexico, Dec 10 (Reuters) - A draft accord from a U.N. climate conference on Friday proposed a raft of modest deals, including a ${esc.dollar}100 billion annual "green fund" by 2020, a temperature target and payments to protect tropical forests.

The draft aimed to limit global warming to less than 2 degrees Celsius (3.6 F), and would deliver "adequate and predictable support, including financial resources" for developing countries that protect their forests.

To become a U.N. decision, the draft, agreed by groups of ministers, would have to be cleared by a conference of about 192 countries at a full meeting in Cancun, Mexico, on Friday or Saturday.

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