Donald Trump's recent decisions to withdraw the US from international climate commitments, including the Paris Agreement and various funding programs, threaten to drastically reduce climate finance for developing nations. The US has historically contributed significantly to global climate finance, providing about $8 for every $100 flowing from developed countries to support vulnerable nations in mitigating climate effects. Under Trump's leadership, vital funding through agencies like USAID and initiatives aimed at transitioning away from coal has been halted, putting millions at risk as they cope with climate-induced challenges.
The US retreat from its global climate finance commitments is a staggering blow to the chances of keeping global temperature rise to 1.5C.
Trump's actions will have a major impact on the ability of poor countries to cope with extreme weather, abandoning millions who are affected.
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