Page last updated at 12:10 GMT, Friday, 13 June 2008 13:10 UK

US seeks support for climate fund

Pollution from energy plant
Improving energy efficiency is a key to tackling climate change

The US has called on the world's eight most industrialised nations to invest in a $10bn (5bn) climate change fund.

The Climate Investment Funds, run by the World Bank, aims to help developing nations produce their own technology to mitigate the impact of global warming.

US Treasury Secretary Henry Paulson is meeting leaders from Group of Eight countries including Britain, Japan, Canada and France at a two-day event.

Leaders are also set to debate rising oil and food prices.

Ahead of the meeting in Osaka, Japan, Mr Paulson said: "None of us in the world are going to solve this problem unless we deal with it here."

Robert Zoellick, the head of the World Bank, said developing countries were seeing the impact of climate change in the form of floods, poverty and famine.

Japanese Finance Minister Fukushiro Nukaga highlighted the importance of coordinated actions to address higher energy and foods prices, as well as broader economic concerns.

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2020 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific