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Biggest climate fund urges China, India to step up as US exits

Bloomberg
Bloomberg • 3 min read
Biggest climate fund urges China, India to step up as US exits
The Trump administration’s disdain for climate finance and renewable energy threatens to set back the global drive to slow planetary warming at a time when its already behind schedule. Photo: Bloomberg
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A green fund backed by the United Nations is urging India and China to step up after US President Donald Trump rescinded US$4 billion ($5.4 billion) from the world’s biggest climate asset manager.

Trump has upended humanitarian aid, development and climate finance sectors by halting funding. The US leader has also exited the Paris Agreement climate treaty and the World Health Organization.

“It leaves the agenda in a very difficult situation,” Mafalda Duarte, the head of the Green Climate Fund, said in an interview on Feb 28 in Cape Town. “It leaves us with the need for others to take leadership positions.”

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