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Washington Post

Washington Post

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Science

Trump just reversed course on two key U.S. climate pledges

Washington Post
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The U.S. is withdrawing from a board overseeing a fund for vulnerable countries hit by climate disasters.

A treasury spokesperson said the move was consistent with Trump ’s executive order putting “ America first in international environmental agreements’ The move is mostly symbolic because even when the United States had a seat on the board, Washington wasn’t contributing much money.

How to pay for the costs and prevention of climate change has become one of the world’s most fraught financial issues and plays on deepening mistrust between the global south and global north. In December , wealthier nations pledged to mobilize $300 billion per year by 2035 to poorer nations that are the most vulnerable to climate change. But that sum, most experts say, is far less than what they need. Negotiators clinched that deal weeks after Trump ’s election with the expectation that the United States would contribute little, if anything, to the total..