Climate Politics
Trump's Climate Pullback Endangers Crucial Funds for Poor Nations
US President Donald Trump pulled out of a deal to help developing nations fight climate change, laying the groundwork to withdraw much-needed support as extreme weather gets worse.
Houses submerged in flood waters in New Delhi in 2023.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
President Donald Trump's decision to exit the Paris Agreement and renege on the US International Climate Finance Plan puts in jeopardy much-needed financial assistance to help developing countries adapt to a warmer planet and curb carbon emissions.
The moves, announced within hours of Trump taking office Monday, also risk derailing the commitment that all countries made at COP29 in November to triple annual climate finance to $300 billion by 2035.