Konukiewitz Says Climate Fund Has No Money Raising Expectations
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Manfred Konukiewitz, co-chairman of the Green Climate Fund, said the provider of financing to developing nations has no clear expectation of how much money it will secure next year in a planned initial raising.
Konukiewitz told reporters in Warsaw earlier today that he expected the fund would probably raise between $6 billion, the amount secured by a group of climate investment funds administered by the World Bank in New York, and $30 billion, the amount of finance provided by richer nations through 2012.