Recent analysis indicates that significant cuts in climate aid by the Trump administration could jeopardize nearly 10% of global climate finance. Under President Biden, U.S. climate aid had surged to $11 billion annually, comprising more than 8% of international climate finance. However, new policies threaten this progress, as funding for key initiatives like the UN Green Climate Fund has been canceled. Experts warn this may create an 'enormous gulf' preventing the achievement of a global $300 billion climate-finance target, underlining the critical role of U.S. funding in international climate efforts.
Nearly a tenth of global climate finance could be under threat as U.S. President Donald Trump's aid cuts risk wiping out huge swathes of spending overseas.
One expert tells Carbon Brief that more climate funds will likely end up on the 'cutting block.' Another warns of an 'enormous gulf' to meeting the new global $300bn climate-finance goal.
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