GHG Protocol

French fashion house CHANEL is backing a new fund that aims to raise $100 million by 2025 to invest in projects to promote sustainable agriculture, protect forests and support small-scale farmers in developing countries.

Fashion label Chanel invests $25 million in new climate adaptation fund French fashion house Chanel is backing a new climate adaptation fund that aims to raise $100 million by 2025 to invest in projects to promote sustainable agriculture, protect forests and support small-scale farmers in developing countries.

G7 leaders agreed on Sunday to raise contributions to meet an overdue spending pledge of $100 billion a year by rich countries to help poorer countries cut and cope with , but only two nations offered firm promises of more cash.

More needed: G7 nations agree to boost climate finance G7 leaders agreed on Sunday to raise their contributions to meet an overdue spending pledge of $100 billion a year by rich countries to help poorer countries cut carbon emissions and cope with global warming, but only two nations offered firm promises of more cash.