Turnbull government weighs increasing contribution to Green Climate Fund

Setting up a financing mechanism to lend money to climate projects in developing countries is among the ideas being discussed

The Turnbull government is considering options to increase its $200m contribution to the international Green Climate Fund, which will be a crucial issue at the UN climate meeting in Paris in December.

In what was seen as a shift in its stance on the global talks, Australia announced last week it had successfully sought to once again co-chair the fund, which was originally derided by the former prime minister, Tony Abbott, before he finally agreed to contribute $200m over four years after strong international pressure.