Wednesday, Apr 17, 2024 | Last Update : 02:51 AM IST
Without help from US, UN climate fund struggles to meet goal
The fund supports projects that help poor countries tackle climate change, both by reducing emissions and responding to inevitable impacts.
Paris: France is hosting a two-day meeting seeking donations for an international climate fund that's struggling to meet its goals because the US has stopped contributing.
The meeting starting Thursday in Paris aims to replenish the UN-backed Green Climate Fund, which has spent much of the USD 7 billion it received from governments since 2014.
The fund supports projects that help poor countries tackle climate change, both by reducing emissions and responding to inevitable impacts.
US President Donald Trump's decision to withhold USD 2 billion of the USD 3 billion pledged by his predecessor, Barack Obama, has contributed to a shortfall other countries haven't managed to fill.
Climate campaigners have welcomed some countries' promises to increase their contributions but fear others — such as Australia — might follow the US's lead and stop donating.
