04-07-2025
Biggest Climate Fund Approves Record Allocations as US Withdraws
The world's biggest climate fund said it approved record allocations for projects in a year when the US pulled $4 billion it had pledged to the organization.
At a board meeting in Papua New Guinea, the Green Climate Fund green-lighted $1.225 billion for initiatives ranging from reducing the impacts of desertification in Mauritania to developing green bond markets.
