Senior Democrats on the House Foreign Affairs Committee are urging Secretary of State Hillary Rodham Clinton to press for an independent “global climate fund” that helps developing countries.

By Ben Geman – 10/05/10 at The Hill

EXCERPTS:

The Democrats want Clinton to push for the fund at the United Nations climate summit late this year in Mexico.

In a letter Tuesday, the chairmen of five subcommittees say the fund – which would help developing nations adapt to climate change and curb emissions – must be independent of existing financial institutions.

the letter from Reps. Eni F.H. Faleomavaega (American Samoa), Brad Sherman (Calif.), Gary Ackerman (N.Y.), Donald Payne (N.J.) and Eliot Engel (N.Y.).

Last year’s Copenhagen summit yielded a non-binding agreement to provide climate aid to developing nations that reaches $100 billion annually by 2020.

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