Rich countries gathered Thursday in France to discuss replenishing an international fund that is meant to help poor nations tackle climate change, but which is falling short of its targets because the U.S. has stopped contributing. The two-day meeting in Paris aims to replenish the Green Climate Fund, which has spent much of the $7 billion it received from governments in the past five years. Governments agreed at a U.N. climate summit in 2015 to raise $100 billion each year by 2020 to help developing countries reduce their emissions and cope with the inevitable impacts of global warming, such as sea level rise and droughts.
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