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Days before Trump takes office, Obama gives another $500 million to UN Green Climate Fund

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Via: https://thinkprogress.org/500-million-to-gcf-306414ccc909#.nhpgh0on4

Days before Trump takes office, State Department gives $500 million to UN Green Climate Fund

The announcement is expected to prompt a backlash.

A woman works her computer at the Green Climate Fund stand at the COP21, United Nations Climate Change Conference, Monday, Nov. 30, 2015 in Le Bourget, north of Paris. CREDIT: AP Photo/Michel Euler
By Samantha Page

The State Department announced Tuesday it would transfer $500 million to the United Nations’ Green Climate Fund (GCF), likely irking Republican lawmakers while keeping what commitments it can to the international community before President-elect Donald Trump takes office on Friday.

“The Green Climate Fund is a critical tool that helps catalyze billions of dollars in public and private investment, in countries dealing not only with the challenges of climate change, but the immense economic opportunities that are embedded in the transition to a lower-carbon economy,” a spokesman said.

Under President Obama, the United States pledged $3 billion to the fund, which supports low-carbon and resilience projects in developing nations. Environmental groups and a network of faith-based groups applauded the decision, which brings the total U.S. contributions so far to $1 billion.

But it’s not clear if the other $2 billion will ever appear.

Trump has pledged to cut all spending to international climate projects, including payments to the UN fund. His transition team has also questioned how much money the State Department spends on environmental issues abroad.

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With 3 Days Left, Obama Gives Another $500 Million To The UN’s Green Fund

The Department of State sent another $500 million to the United Nations “Green Climate Fund” Tuesday, marking yet another last-minute move to cement President Barack Obama’s legacy before he leaves office in three days.

Obama pledged $3 billion to the Green Climate Fund (GCF) in 2014, but has only sent $1 billion to the program. The administration sent its first $500 million payment to the GCF in March.

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Related Links: 

UN Green Climate Fund has more money than projects

State Dept’s $500 Million Transfer to the UN’s ‘Green Climate Fund’

UN ‘climate fund’ grows to $4 billion: UN Urges Governments To Accelerate Contributions To Green Climate Fund – Hela Cheikhrouhou, Executive Director, “The Green Climate Fund’’, said on Sunday in Seoul at the end of its conference that as of 30 April 2015, the fund has signed 4 billion dollars equivalent in contributions.
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