Trump rescinds $4B in US pledges for UN climate fund – POLITICO

“We have been made aware that the United States of America has notified the United Nations of its decision to rescind outstanding pledges to the Green Climate Fund,” it said in a statement to POLITICO.

The move goes further than the first Trump Administration, which allowed pledges made by prior administrations to remain on the fund’s books. No other country has previously rescinded committed funds.

The U.S. State Department did not respond to a request for comment. A U.N. official declined to comment.

The Green Climate Fund was established in 2010 to channel funding to clean energy and climate adaptation programs across the developing world. It has since approved $16 billion worth of projects. 

In 2023, the Biden administration committed $3 billion to the fund. That matched an Obama administration pledge and made the U.S. the fund’s largest single contributor at $6 billion. 

However, the U.S. has delivered only $2 billion of that promised money, leaving $4 billion in outstanding funds. Other nations, including Germany, France, Japan and the United Kingdom, have actually delivered more money to the fund.