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Friday, July 6th, 2018

U.S. cuts to global climate funding take a steep toll

Author:     E.A. CRUNDEN
Source:     Think Progress
Publication Date:     JUN 30, 2018, 11:35 AM
 Link: U.S. cuts to global climate funding take a steep toll
Stephan:   We have gone from the shining city on the hill, to the shabby bully in the alley, and this is going to have generational implications.

Pakistani residents cool off at a canal during heatwave as temperatures reach 44 degrees celsius in Karachi on May 30, 2018.
Credit: Rizwan Tabassum//Getty

Steep U.S. cuts to global climate funding are taking a toll on developing countries, even as South Asia and other vulnerable regions face looming risks from global warming.

The United States has halved its contribution to the Global Environment Facility (GEF) for the first time in nearly 30 years, India Climate Dialogue reported on Friday. In 2014, the United States gave $546 million to the GEF, which convenes an assembly once every four years.

But the Trump administration’s 2018 contribution will reportedly be only $273 million. The reduced US contribution is a key factor in bringing the GEF’s total budget down from $4.4 billion four years ago to $4.1 billion this year.

Established in 1992 at the Rio Earth Summit, the GEF works to help global institutions and civil society unite with private sector members to empower sustainable development efforts.

According to the GEF’s website, the partnership has given […]

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