Governments have pledged nearly $10 billion toward an international fund meant to help poor nations tackle climate change, France’s finance minister said Friday.
Bruno Le Maire, speaking at a conference in Paris set to replenish the Green Climate Fund, said “it’s a great success” that he attributed largely to European countries, noting that almost half of the amount is being provided by France, Germany and Britain alone.
“Many countries will double their contributions and bring twice more than what they had given at the creation of the fund,” Le Maire said.
The South Korea-based fund, which provides money to help developing countries reduce their emissions and cope with the impacts of climate change, says it has nearly exhausted some $7 billion received following an initial funding round five years ago.
U.S. President Donald Trump’s decision to withhold $2 billion of the $3 billion pledged by his predecessor, Barack Obama, has contributed to a shortfall at the fund that other countries have struggled to fill.
The meeting in Paris took place a little over a month before the U.N.’s annual climate conference, which will be held in Santiago, Chile, this year.
Related Stories
‹

Town of Carrboro Argues Case in Duke Energy, Climate Change Lawsuit's Initial HearingThe Town of Carrboro presented its legal rationale for continuing a 2024 climate change-focused lawsuit against Duke Energy on Thursday.

In Coastal Ghana, Female Oyster Farmers Try to Save an Old Practice Threatened by Climate ChangeIn Ghana’s coastal mangroves, oyster farming has been a key source of livelihood dominated for ages by women.

The EPA Eyes Rolling Back Rules Projected To Save $275 Billion and 30,000 Lives Every YearWhen the head of the Environmental Protection Agency announced a wide-ranging rollback of environmental regulations, he didn’t mention how ending the rules could have devastating consequences to human health.

Get Ready for Several Years of Killer Heat, Top Weather Forecasters WarnTwo of the world’s top weather agencies forecast several years of even more record-breaking heat that pushes Earth to uncomfortable extremes.

Rare Greenhouse Gas Law in North Carolina Could Get Pulled Back by GOP LegislatorsNorth Carolina enacted an energy law in 2021 that directed power plant emissions be sharply reduced. Now it's aiming to repeal a key element.

Duke Energy Files Motion to Dismiss Carrboro's Climate Change 'Deception' LawsuitDuke Energy filed a motion to dismiss a Town of Carrboro lawsuit against it in Orange County, the first legal response by the energy giant.

EPA Head Says He’ll Roll Back Dozens of Environmental Regulations, Including Rules on Climate ChangeThe head of the Environmental Protection Agency announced a series of actions Wednesday to roll back landmark environmental regulations.

Here’s What the Paris Climate Agreement Does and Doesn’t DoThe Paris agreement is a mostly voluntary climate pact. What does it do, and what does it mean as President Donald Trump removes the U.S.?

Top Stories of 2024: Town of Carrboro Sues Duke Energy Over Climate Change EffectsAt the start of December, the Town of Carrboro filed a climate change-related lawsuit against Duke Energy — one of the first of its kind.

Town of Carrboro Files Lawsuit Against Duke Energy Over Climate Change and Deception on Fossil Fuel EffectsCarrboro is suing Duke Energy over its contributions to climate change and the resulting economic pressures put onto the local government.
›