Obama announces plan for $1bn climate resilience fund

BusinessGreen: As David Cameron faces mounting calls for an increase in the UK government's funding for climate resilience efforts, US President Barack Obama is moving forward with plans to dramatically increase spending to tackle droughts and floods on the other side of the Atlantic. Obama used a trip to drought-hit California late last week, where over 91 per cent of the state was classified as experiencing severe or exceptional drought, to announce that he will include a new $1bn "climate resilience fund"......

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