The United Nations' Green Climate Fund (GCF) has pulled in $9.3 billion in pledges from 25 countries to help vulnerable countries cope with climate change, the fund's facilitator said on Thursday.
With global temperatures rising, world leaders have been looking to boost support for climate action amid mounting criticism over a lack of urgency to respond to risks.
The GCF was set up under U.N. climate change negotiations to help channel money needed by poor states to meet their targets to reduce carbon emissions, develop cleaner energy sources and adjust to a warming world.
It is seeking contributions to fund projects in climate-vulnerable counties over 2024-2027, aiming to exceed the $10 billion it raised in its last three-year round.
Some 75% of the contributors increased their pledges compared with the last replenishment round, with Germany, Britain, France and Japan the biggest backers."
The replenishment does not end here ... countries can pledge at any point ... but ... earlier the better, sooner the better, more definitely the better," Mahmoud Mohieldin, the fund's facilitator, said at a conference in Bonn, Germany.
The amount includes credit for expedited payment but does not include an expected pledge from the United States, which is still working on its announcement. The U.S. representative said it was not in a position to pledge on Thursday due to ongoing uncertainty in its budget process.
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66 w
We need of this pledges, they'll go a long way.
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66 w
We need more than pledges though, we need action
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66 w
US must support this he is contributing more than 30 percent of emissions
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66 w
Us need to support this with all cost they must review on policies
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66 w
Climate funding is the way to give a chance to the hard hit nations to get on the same ground on matters climate action.
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66 w
USA fails this vulnerable countries.... real support is needed from them as a sample.
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66 w
Such funds raised towards climate control are very crucial in running and pushing for climate matters
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62 w
@johnte_ndeto Our only hope is that when the countries receive this funds there must be someone to follow up on how they are being managed.
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66 w
We must support vulnerable countries in the fight against climate change.
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66 w
@rashid_kamau I agree with you
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@rashid_kamau exactly