Click here to read this in full @ Korea Herald: http://view.koreaherald.com/kh/view.php?ud=20121015000703&cpv=0
Six cities in race to host Green Climate Fund; decision expected on Friday
Korean officials are making a final pitch to host a U.N.-operated fund which will be the single largest source of financing for global efforts to fight climate change.
Songdo, a newly developed international business district in Incheon, is vying with five other cities to host the secretariat of the Green Climate Fund.
A decision is expected during a meeting of the fund’s board members in Songdo on Friday.
The other five competitors are Bonn in Germany, Mexico City, Windhoek in Namibia, Warsaw and Geneva. Korean officials say it looks like a race amongst Bonn, Geneva and Songdo.
“It is a tough competition, but we’re hopeful,” a government official involved said.
The winner of the race will be chosen by a majority vote of 24 members of the fund, equally spread between developed and developing countries during their Oct. 18-20 gathering in Songdo.