Organizers of International $100 Billion Climate Change Fund to Meet

Will bankroll efforts for poorer countries to adapt.

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 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.