FILE PHOTO: Chile's Finance Minister Felipe Larrain speaks during the start of legislative analysis of the TPP Trans-Pacific Treaty, in the commission of finance at the Congress in Valparaiso, Chile March 5, 2019. REUTERS/Rodrigo Garrido
SANTIAGO (Reuters) - Chile will begin budgeting for the costs of fighting climate change, Finance Minister Felipe Larraín announced on Tuesday, as receding glaciers and drought put a squeeze on water and natural resources in the world's top copper producer.
The South American nation, which is due to host the COP25 global conference on climate change in December, said it would include a new line item for "climate expenditures" in its government budgets beginning in 2020.
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