• Privacy Policy
  • About Us
  • Contact Us
Climate Change Dispatch
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
Climate Change Dispatch
No Result
View All Result

President Trump Has Rendered The Green Climate Fund Nearly Useless

by Jason Hopkins
July 11, 2018, 10:50 AM
in News and Opinion
Reading Time: 3 mins read
A A
2

The Green Climate Fund (GCF) has continued to falter since President Donald Trump announced the U.S. withdrawal of the Paris Agreement — and taking with it billions in pledged dollars.

The United Nations launched the GCF in 2010 to promote environmentally friendly initiatives in developing countries.

Based in Songdo, South Korea, the GCF employs 250 people and has committed nearly $4 billion in international projects that aim to help third-world countries mitigate the effects of climate change.

Former President Barack Obama was a major supporter of the GCF and had pledged the U.S. would donate $3 billion over the course of several years. His administration had given $1 billion before the end of his second term.

The GCF, however, never attracted the same level of support from the succeeding administration.

Trump fulfilled a major campaign promise when he withdrew the U.S. from the Paris Agreement in 2017 and has not given another dollar since. Trump’s moves mean the GCF is $2 billion short of what it expected its slush fund to be.

“Now with the United States pulling from this Paris agreement, I’m concerned now how to mobilize the necessary financial support for many developing countries who do not have the capacity to address this climate change issues,” former U.N. Secretary-General Ban Ki-Moon stated to CNBC on Tuesday. “They do not have any responsibilities historically speaking. Therefore it is absolutely necessary that the international community uses its political will to work on this matter.”

Unfortunately for the GCF, it has lost money elsewhere.

Instead of doling out cash, the United Kingdom provided promissory notes — pledges to pay when money is needed — to the group.

This arrangement proved devastating after anxiety over Brexit greatly reduced the value of the Euro and the British pound. The devaluation of both currencies has resulted in the GCF losing another $1 billion.

The lack of cash has made green-lighting new, expensive projects nearly impossible.

Howard Bamsey abruptly resigned his position as GCF’s executive director following a June 4 meeting where no new projects were approved. Bamsey, an Australian diplomat, left after less than two years on the job.

“I have been considering the best timing for my departures from the secretariat,” he explained in a letter. “Pressing personal issues meant I would simply not be able to stay until the end of next year which is when replenishment is likely to conclude.”

The collapse of negotiations will ultimately mean 11 different projects, costing nearly $1 billion, will simply have to wait. Projects such as water management in Guatemala, solar panels in Tonga and climate initiatives in 17 countries will have to wait at least three months before moving forward.

Beyond a lack of cash, a lack of experience from board members has also been cited as a major contributor to the GCF’s failure.

“Many of these people did not know how to navigate the minefield and the dynamics of the board, so there were a lot of little things that triggered people — and then those things spiraled into an hour-long argument that could’ve been very easily avoided,” Brandon Wu, a director of policy and campaigns at Action Aid USA, said in a statement to Devex, a global development publication.

Read more at Daily Caller

  • Truth
  • Twitter
  • Facebook
  • LinkedIn
  • Gettr
  • Threads
  • gab-logo Gab
  • Mastodon
  • Buffer
  • Telegram
  • Email
  • Copy Link
  • Share Using More Networks…

Popular Posts

Electric Vehicles (EVs)

The ‘Green’ Scam Of The Century: How ‘Renewables’ Increase Fossil Fuel Demands

Oct 23, 2024
News and Opinion

Antarctica Is Colder, Icier Today Than At Any Time In 5,000 Years

Apr 15, 2024
Energy

30-Plus Signs That The Climate Scam Is Collapsing

Apr 09, 2025

Comments 2

  1. David Lewis says:
    7 years ago

    We need to remember that the Green Climate Fund is supposed ramp up to $100 billion a year by 2020. Its current lack of funding makes it obvious it will never reach that goal. In fact, it is not likely to have any more money by 2020 than it has now. The developing nations are not only demanding that this promise be filled, but an additional $200 billion a year. The negotiations at COP 24 later this year will be very interesting.

    Reply
  2. Amber says:
    7 years ago

    The solution to over played global warming is cut off the source of cash .
    Any warming we get has as many positives as negatives and mother nature is going to be running the show regardless .
    There are thousands of very worthwhile projects to protect the environment
    but the global warming scam acts as a giant vacuum pulling resources away from those that will actually make a difference .
    President Trump was right now return the money that was stolen by the Obama regime without Congress approval .

    Reply

Comments are welcome! Those that add no discussion value may be removed.Cancel reply

Stay Connected On Social Media

gab-logo

Donate Today

Beating back the alarmist narrative takes time and money. Please donate today to help!

Recent Posts

  • oil rig drillAmerica’s Energy Boom Exposes The Folly Of Britain’s Net Zero Disaster
    Oct 3, 2025
    America’s energy boom and policy flexibility are widening the economic gap with Britain, where high prices and net zero goals are stalling growth. […]
  • Arctic sunsetNew Study Shows Arctic Sea Ice Decline Slowing, Driven More by Natural Variability Than Emissions
    Oct 3, 2025
    New study shows Arctic sea ice decline has slowed since 2012, driven more by natural variability than greenhouse gas emissions. […]
  • Attorney General Rob BontaNewsom Backs Off Climate Fight As AG Bonta Doubles Down On Suing Energy Firms
    Oct 3, 2025
    Two years after launching a high-profile climate lawsuit, Newsom is backing off while AG Rob Bonta doubles down on lawfare against major energy firms. […]
  • Farm irrigationMeteorologist Debunks Reuters’ Claim That Climate Change Threatens Europe’s Resources
    Oct 2, 2025
    Data show Europe’s droughts, weather, and biodiversity issues stem from mismanagement, not climate change, despite alarmist media claims. […]
  • Russ VoughtTrump Nixes $8B In ‘Green New Scam Funding’ In NYC, Blue States
    Oct 2, 2025
    Trump DOE halted billions in green energy projects citing poor economics, DEI hiring, and weak energy impact, sparking backlash in blue states. […]
  • SherrillRising Energy Costs And Dem Green Policies Top Of Mind In NJ Gubernatorial Race
    Oct 2, 2025
    New Jersey voters face rising energy costs as Democratic green policies and offshore wind expansion drive utility bills higher. […]
  • Hochul's green stringsHochul’s Election-Year ‘Inflation Refund’ Checks Can’t Cover Costs Of Her Green Agenda
    Oct 2, 2025
    Hochul’s election-year ‘inflation refund’ checks won’t offset the soaring living costs and utility hikes her green-energy agenda created. […]
  • South Asia monsoonSouth Asia Monsoons Not Becoming More Dangerous From Climate Change, Data Confirms
    Oct 1, 2025
    Claims that climate change is making South Asia’s monsoons more extreme ignore history, data, and other major causes of flooding. […]
  • wildfire carsRick Scott Wants Answers On What California Did With Federal Wildfire Funds
    Oct 1, 2025
    Sen. Rick Scott is demanding answers on how California spent federal money earmarked for preventing and fighting wildfires. […]
  • Biden test driving an all-electric Ford F-150.Ford CEO Warns U.S. EV Sales Could Halve After Federal Subsidies End
    Oct 1, 2025
    Ford warns U.S. electric vehicle sales could drop as much as 5% after the $7,500 taxpayer-funded federal subsidies expire in a month. […]

Get Instant Email Notifications

Subscribe to receive a digest of daily stories, or get emailed once they're published. Check your Junk/Spam folder for a verification email.

Submit a tip

Please enter your email, so we know you're human.

Books You May Like

very convenient warming

exposing great lie

Have a suggestion? Let us know! We swap out books based on your input. We participate in the Amazon Services LLC Associates Program. See here.

  • About
  • Privacy Policy
  • Contact Us

© Portions copyright Climate Change Dispatch

No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us

© 2025 Climate Change Dispatch

Share via
  • Facebook
  • Like
  • Twitter
  • Pinterest
  • LinkedIn
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky
Share via
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky