Campaigners say funding halt is a ‘staggering blow’ to vulnerable nations and to efforts to keep heating below 1.5CDonald Trump’s withdrawal of US overseas aid will almost decimate global climate finance from the developed world, data shows, with potentially devastating impacts on vulnerable nations.The US was responsible last year for about $8 in every $100 that flowed from the rich world to developing countries, to help them cut greenhouse gas emissions and cope with the impacts of extreme weather, according to data from the analyst organisation Carbon Brief. Continue reading...
Donald Trump's cuts to USAID and other overseas aid programs are projected to significantly reduce global climate finance from developed nations. This could devastate vulnerable countries by hindering their ability to cut emissions and cope with extreme weather. The US previously contributed a significant portion of climate finance, but Trump's actions, including withdrawing from the Paris Agreement and halting funds to key organizations, will severely impact global efforts.
