Monday 25 / August / 2025
Geneva: Rich countries on Friday pledged $9.8 billion (€8.8 billion) to help poorer nations tackle climate change.
Twenty-seven countries announced the contributions to the Green Climate Fund following a two-day conference in Paris.
The United States received criticism for refusing to pay into the fund, which President Donald Trump had previously decided to stop contributing to altogether. Australia also declined to contribute.
The US "have turned their backs on the world's poorest and have once again isolated themselves in global efforts to respond to the climate emergency," said the Climate Action Network, a collective of more than a thousand NGOs, in a statement. The group also blasted Canada, the Netherlands, Portugal, Luxembourg, New Zealand, Austria and Belgium for "failing to deliver their fair share.”
The Climate Action Network is made up of more than 1,300 NGOs worldwide.
Green Climate Fund remains optimistic
Yannick Glemarec, the executive director of the Green Climate Fund, which coordinates the funding, saw the increased contributions as positive — although the fund still falls short of the amount needed to meet their global goals.
"We will most likely be able to find additional resources" before the United Nations' annual climate conference, which will be held in December in Santiago, Chile, Glemarec said.
The South Korea-based fund provides money to help developing countries reduce their emissions and deal with the impacts of climate change.
They have nearly exhausted $7 billion (€6.4 billion), which they received five years ago.
