Today, Vice President Kamala Harris pledged at COP on behalf of the Biden administration a significant new contribution to the Green Climate Fund (GCF), which is the largest international climate fund dedicated to supporting developing countries in their efforts to minimize their emissions and build resilience to the climate crisis. This new U.S. pledge comes as part of the GCF's second replenishment for the 2024-2027 period and will help make progress towards the $100 billion collective global goal on climate finance directed to developing countries.
In response, World Wildlife Fund (WWF) issued the following statement from Carter Roberts, President and CEO:
"The Green Climate Fund helps the world's most vulnerable communities prepare for present climate challenges and our shared climate future. That mission is more urgent than ever following the record extremes that marked 2023, and projections that show things will only get more dire if we do not rapidly change course.
"Today's announcement from the Biden Administration makes clear that the United States remains committed to the GCF. And more importantly, it sends a signal to nations that are counting on GCF funding that the United States will strive to do its part to help developing country partners decarbonize and build resilience to climate impacts. The United States has made huge strides in the last few years. This latest pledge to the GCF continues that trend and we should seek out additional ways to unlock climate finance to support ambitious action. WWF urges Congress to approve the funds required to fulfill this pledge, and we thank the Biden Administration for its continued leadership."
