The United States has reneged on $4 billion in pledges it had made to the Green Climate Fund, marking the first time such a pledge has been rescinded for the fund.
The United States has officially reneged on $4 billion in pledges it made to the Green Climate Fund, or GCF.
The move, first reported by Politico, was confirmed to Devex by GCF. President Donald Trump has repeatedly called climate change a “hoax,” criticized the fund during his first administration, and had promised on the campaign trail to cancel any payments.
“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 (GCF),” a GCF spokesperson said in a statement.
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