Governments will meet Wednesday in Stockholm to decide how to replenish the Global Environment Facility (GEF), a fund that helps developing nations meet international environmental agreements. GEF grants finance everything from toxic chemical clean-up to biodiversity protection to anti-wildlife trafficking efforts.
In the first G7 gathering since President Donald Trump's Paris pull-out, environment ministers managed to issue a joint communique, even though the United States disagreed with the other six countries on two Paris-related provisions.
President Trump's 2018 budget request for fiscal 2018 makes clear that international climate finance is in the crosshairs, undermining U.S. economic, diplomatic and security interests around the world.
At a recent forum, leaders discussed the future of the Belt and Road Initiative, China'as massive infrastructure plan. Will it develop projects that protect the health and prosperity of its people in years to come, or put them and the global environment in jeopardy?
The most recent communique from the G20 drops all references to climate change, a move reportedly instigated by the United States, Saudi Arabia and others. The omission is a setback, as climate finance benefits U.S. jobs and exports and is key to meeting global climate targets.
Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act required that oil, natural gas and mineral extraction companies report payments made to foreign governments. Congress and President Trump eliminated it last week.