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Why does the world's biggest climate fund want India, China to step up?

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

The Green Climate Fund (GCF), the world's largest multilateral fund dedicated to climate change mitigation and adaptation, is urging major developing economies like China and India to increase their financial contributions. This call comes in the wake of the United States' decision to exit the fund, a move initiated under former President Donald Trump, which has left a significant funding gap. The U.S. had pledged $3 billion but only disbursed $1 billion before its withdrawal. The GCF, which aims to raise $10 billion by the end of 2023, is now looking towards countries like China, which has not yet contributed despite its status as the world's second-largest economy, and India, which has pledged but not paid. The fund's leadership is pushing for these nations to step up, especially as global climate finance needs are estimated at $4 trillion annually by 2030. This shift in funding responsibility is part of a broader discussion on how to equitably distribute the financial burden of climate change, particularly as developed nations have historically been the largest emitters of greenhouse gases.

Read the Full Bloomberg Article at:
https://www.msn.com/en-us/news/world/biggest-climate-fund-urges-china-india-to-step-up-as-us-exits/ar-AA1A7vOq