US offers no new cash to climate fund for developing world

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US offers no new cash to climate fund for developing world
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US offers no new cash to climate fund for developing world

The United States offered no fresh cash to the world's largest climate fund, citing uncertainty in its budget processes.

It plays a part in the promise by rich countries to supply $100 billion of climate finance to poorer nations every year, which has already missed an initial 2020 deadline. The US House of Representatives is in limbo after far-right Republicans helped to oust its speaker Kevin McCarthy on Tuesday, weeks ahead of a new funding deadline that could shut down the federal government.

Israel said it would make its first contribution, while countries including Belgium, Finland and Ireland committed to stumping up fresh cash.

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News24 /  🏆 4. in ZA

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