Organizers meet to create $100 billion climate fund

GENEVA (AP) — A new global fund on climate change that aims to channel $100 billion a year in aid to poor countries selected officials from South Africa and Australia as its leaders at its first meeting Thursday.

The U.N.'s Green Climate Fund — created as part of a deal struck in December 2011 at the 194-nation climate talks in Durban, South Africa — will be led by Zaheer Fakir, head of international relations for South Africa's environment agency, and Ewen McDonald, deputy head of Australia's international development agency, the fund said in a statement.