Climate fund seen totalling $5.5 bn: report
Major industrialised countries are expected to create a multibillion-dollar fund later this year to help developing countries cut greenhouse gas emissions, World Bank President Robert Zoellick was quoted as saying. In an interview with Japan's Asahi newspaper published on Thursday, Zoellick said the fund would likely be finalised at the Group of Eight summit to be held on Japan's northern island of Hokkaido on July 7-9.