DUBAI (December 2, 2023) - Today the Biden administration announced a $3 billion pledge to the Green Climate Fund. The GCF is the largest international fund dedicated to supporting developing countries to tackle climate change.

Following is a statement from Ani Dasgupta, President and CEO, World Resources Institute:

“The US pledge to the Green Climate Fund shows that the Biden administration is committed to helping developing countries quickly transition to net-zero carbon economies and build their resilience to climate disasters.

“The Green Climate Fund is the largest in the world dedicated to supporting sustainable development in poor and vulnerable countries. It helps farmers plant drought-resistant crops, brings solar energy to rural communities and so much more. It is also a centerpiece in the global climate negotiations. No country has greater responsibility to contribute to these efforts than the United States.

“President Obama in 2014 pledged $3 billion, out of which $2 billion has been delivered so far. During the current replenishment cycle, peer countries like Germany, France and the United Kingdom have dug even deeper relative to the size of their economies. But today’s announcement can be a step towards delivering on President Biden’s commitment to provide $11.4 billion annually to developing countries by 2024. 

“The United States has good economic, diplomatic and security reasons to deliver on this pledge. It is imperative that these funds get delivered.”