Trump administration cancels $4B in U.S. climate pledges
The U.S. has withdrawn $4 billion in promised funding from the United Nations’ Green Climate Fund, marking an unprecedented reversal of financial commitments to global climate efforts.
Karl Mathiesen reports for POLITICO.
In short:
- Secretary of State Marco Rubio informed the U.N. that the U.S. is rescinding all outstanding pledges to the Green Climate Fund (GCF), which supports clean energy and climate adaptation in developing nations.
- The Trump administration’s decision follows an executive order revoking federal climate finance programs on the president’s first day in office.
- The fund, which aimed to grow its portfolio to $50 billion by 2030, warned that losing pledged contributions will limit its ability to assist vulnerable countries.
Key quote:
“If pledges are not fully realized, our ability to support the climate ambitions of developing countries will be constrained.”
— Green Climate Fund statement
Why this matters:
The U.S., historically one of the largest contributors to the GCF, has at times played a decisive role in bolstering the fund's resources. However, if the U.S. pulls back from such commitments, other nations and organizations will be left to fill the financial gaps. This can slow the pace of adaptation projects, leaving vulnerable communities at greater risk. Critics of reduced U.S. involvement argue that it undermines global cooperation at a critical moment. Proponents of withdrawal often cite economic concerns or the need for domestic investment.
Related: U.S. foreign aid freeze threatens Brazil’s deforestation fight
