As a global financing tool, Green Climate Fund has disbursed $5.2 billion to 111 climate projects among 99 nations.
PARIS (AN) — The world's biggest climate fund wrapped up a fundraising conference with $9.78 billion in pledges raised from 27 mostly European nations, which was less than what donors promised to compensate for the U.S. absence.
Donors had vowed to contribute $10.3 billion to the Green Climate Fund, an amount that still would not have paid for all of the fund's ambitious projects in its more than $30 billion pipeline.
A new report from the U.N. weather agency shows Asia has been heating up nearly twice as fast as the global average.
Much of the financial angst this year was caused by the absence and impending withdrawal of the United States.
The head of the International Peace Institute praised the treaty negotiators for their 'amazing' critical problem-solving.
'To be blunt, we cannot do everything,' WHO's chief said in announcing a management overhaul and other cuts.
The reduction in support and services it can deliver is expected to drop to about $50 billion across the U.N. system.
The summit was dominated by U.S. President Donald Trump's first appearance at the world's largest alliance since 2019.
A new report from the U.N. weather agency shows Asia has been heating up nearly twice as fast as the global average.
UNEP says it began work in 2022 to create a panel that could fill a major gap in the global environmental architecture.
