US Withdraws from Key Climate Finance Initiatives
The United States has announced its withdrawal from multiple significant climate finance agreements aimed at supporting developing nations in their transition to greener energy practices. This includes the exit from a flagship $45 billion global climate finance coalition and a $9.3 billion deal specifically for South Africa, Senegal, and other countries. The move has drawn attention from global leaders, prompting Japan and Germany to increase their commitments to climate deals in Indonesia as the US steps back. Officials emphasize the need for the world to adhere to climate goals despite this setback, with the UK urging continued efforts to combat climate change. The withdrawal from programs aimed at helping major polluters transition away from coal is expected to have further implications for international climate cooperation.
Financial Times, Reuters, Bloomberg, The Associated Press, DW (English), U.S. News & World Report, Financial Post, Energy Connects, The Economic Times, Deccan Herald