US allots $500M to Green Climate Fund

Illustration (Image: Wave Energy Prize)

The US State Department has made $500 million grant payment to support the United Nations climate fund.

The United States has now contributed $1 billion to the Green Climate Fund dedicated to advancing low-emission, climate-resilient development, with the goal of keeping the global temperature increase below 2 degrees Celsius.

Pledging to provide $3 billion to the Fund, the US is left with $2 billion owing to the Fund.

However, the president-elect of the United States, Donald Trump, is expected to cancel future payments, The Guardian reports, as he had repeatedly called climate change a ‘hoax’ and vowed to pull the US out of the Paris Agreement.

The funding was provided through the fiscal year 2016 Economic Support Fund (ESF).

Green Climate Fund supports developing nations in their efforts to achieve those objectives and to become more resilient to climate change – in turn, reducing the global and national security risks associated with inadequate adaptation to and preparedness for extreme weather events and other climate related impacts

Share this article

Follow Tidal Energy Today


<< Apr 2017 >>
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Offshore Energy 2017

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event. It is unique in bringing together the oil & gas…

read more >

Waterpower week

The event highlights perspectives on the role of hydro, explores issues affecting hydro and marine resources, and helps participants develop…

read more >

All-Energy Exhibition and Conference 2017

All-Energy has provided the industry suppliers, experts and thought-leaders from the renewable energy supply chain the opportunity…

read more >

The Future of our Seas

At the heart of European Maritime Day is the a 2-day conference “The Future of our Seas”. High-level sessions and stakeholder workshops..

read more >