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The world's biggest fund for tackling climate change in the developing world has approved investment of about $1 billion in new projects and launched a process to refill its coffers, putting it back on track after a difficult few months.

Progress at the latest meeting of the Green Climate Fund (GCF) board, which wrapped up on Saturday evening in Bahrain, was viewed as key to smooth the way for U.N. climate talks in December tasked with agreeing rules to implement the 2015 Paris Agreement to curb global warming.

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