The U.S. Department of the Treasury has announced that the United States is withdrawing from the Green Climate Fund (GCF), effective immediately. This move follows the Trump Administration’s decision to exit the UN Framework Convention on Climate Change (UNFCCC).
U.S. Secretary of the Treasury Scott Bessent stated, “Our nation will no longer fund radical organizations like the GCF whose goals run contrary to the fact that affordable, reliable energy is fundamental to economic growth and poverty reduction.”
The administration emphasized its commitment to supporting all affordable and reliable sources of energy as essential for economic development and reducing poverty. The Green Climate Fund was created to help achieve objectives set by the UNFCCC, but continued U.S. involvement has been deemed inconsistent with current administration priorities.
