U.S. Withdraws from U.N. Climate Damage Fund Board
- In March 2025, the United States withdrew from the board of the U.N.’s climate damage fund, a financial mechanism designed to assist poor and vulnerable nations in coping with climate-related disasters.
- The withdrawal is part of a broader U.S. pullback from multilateral climate initiatives, including the Paris Agreement and funding deals to reduce coal use.
- Nearly 200 countries agreed to establish the fund at COP28 in 2023, marking a victory for developing nations seeking compensation for climate-induced damage.
- As of January 2025, wealthy nations had pledged $741 million to the fund, including $17.5 million from the U.S. It remains unclear whether ....
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