DAVIS, Calif. — Nearly two dozen local government leaders from Africa, Asia, Europe and the Americas have started their own coalition to harness private investment in their fight against global warming.
The nonprofit organization, called R20, was launched Tuesday at the conclusion of Gov. Arnold Schwarzenegger's third and final climate summit in California.
Schwarzenegger says local governments are taking action because "we can't afford to wait for national and international movement."
Countries involved in United Nations climate talks continue to disagree on how much they must reduce greenhouse gas emissions, which scientists say is critical to address rising global temperatures.
The new regional coalition is intended to fund projects designed to reduce greenhouse gas emissions.