EMEA > Europe > US rescinds $4 bln in pledged funding for Green Climate Fund, removes climate stress testing from banks

US rescinds $4 bln in pledged funding for Green Climate Fund, removes climate stress testing from banks

Published 23:21 on February 6, 2025 / Last updated at 23:21 on February 6, 2025 / and / Americas (US & Canada), Asia Pacific, EMEA (Europe), International, Nature-based Carbon (Forestry), Voluntary (VCM Developments)

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The administration of US President Donald Trump has rescinded previously pledged funding to the UN's Green Climate Fund (GCF) amounting to some $4 billion, alongside a pullback of voluntary climate risk determinations from major US banks.
The administration of US President Donald Trump has rescinded previously pledged funding to the UN's Green Climate Fund (GCF) amounting to some $4 billion, alongside a pullback of voluntary climate risk determinations from major US banks.


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