President Barack Obama had promised a $3 billion U.S. contribution to the green climate fund, as an effort to help poor countries to deal successfully with the effects of climate change. The announcement was expected to be done in the meeting of G-20 industrial nations in Australia.
The other countries joined U.S. are Mexico, South Korea, Germany, France, and Japan, in releasing the fund.This fund will be utilized with for the privet sector investment, that will encourages world market to produce clean energy technology and creating opportunities for entrepreneurs and manufacturers including those from the United States