What Is the Green Climate Fund and How Much Does the U.S. Actually Pay?

Source: By NADJA POPOVICH and HENRY FOUNTAIN, New York Times • Posted: Monday, June 5, 2017

In announcing his decision to withdraw from the Paris climate accord, President Trump also said the United States would stop contributing to the Green Climate Fund, a United Nations program that he claimed could eventually cost the country “billions and billions and billions” of dollars.

How much have rich countries pledged?

Industrialized countries have voluntarily pledged $10.3 billion since 2013 to help poorer nations reduce greenhouse gas emissions and address the effects of climate change. The United States has pledged by far the most — $3 billion, twice that of the second-largest pledger, Japan. But on a per-capita basis, many other countries have offered more than the United States. Swedes, for example, will contribute nearly $60 each.

If the United States contributed its full pledge, the total would be a little less than $10 per American. With Mr. Trump stopping payments, the United States will have contributed $1 billion, or just more than $3 per person.

Where does the money go?

The fund has a portfolio of more than 40 projects, using $2.2 billion of its own money and $5 billion from development agencies and banks.

Approved Funding Proposals, as of October 2016

Among the latest projects: development of irrigation and groundwater replenishment systems in northeastern India, where climate change has made monsoon rains less reliable; a hydropower plant in the Solomon Islands in the South Pacific to eliminate diesel generators; and restoration and protection of Ugandan wetlands that are used by subsistence farmers.