The leaders of a new United Nations fund tasked with channeling billions of dollars meant to assist developing nations with climate change met for the first time in Geneva last week. Once in place, the Green Climate Fund will manage money promised by developed countries, which is currently at around $10 billion dollars a year and will rise to $100 billion in 2020. Funds will help countries deal with floods, droughts, heatwaves, and rising sea levels. The first meeting was delayed by five months after Asian and Latin American nations took longer than expected to choose board members, and further key decisions--such as where to headquarter the fund and how it can raise funds from economically stagnant countries--will be further delayed. The three days of talks began with the election of developing and developed country co-chairs: South Africa's Zaheer Fakir and Australia's Ewen McDonald. The talks did not address any of the major points of contention, such as how to raise funds from countries and the private sector and whether to limit expected contributions to "traditional donors," excluding China and many Middle Eastern nations. For the full story, see http://uk.reuters.com/article/2012/08/23/us-climate-fund-idUKBRE87M0EC20120823 and http://www.guardian.co.uk/environment/2012/aug/23/un-green-climate-fund-climate-change.