US Quits Green Climate Fund, Citing 'Radical Organizations'

World
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Moneycontrol•09-01-2026, 00:06
US Quits Green Climate Fund, Citing 'Radical Organizations'
- •US Treasury Department formally announced the country's immediate withdrawal from the Green Climate Fund (GCF).
- •Decision aligns with the Trump Administration's commitment to withdraw from the UN Framework Convention on Climate Change (UNFCCC).
- •US Treasury Secretary Scott Bessent stated GCF goals were 'contrary' to Washington and would not fund 'radical organizations'.
- •The withdrawal reflects the Trump Administration's focus on advancing affordable, reliable energy for economic growth and poverty reduction.
- •This follows Trump's order to withdraw from 66 international organizations, including the India-France-led International Solar Alliance (ISA).
Why It Matters: US exits Green Climate Fund and other international bodies, citing 'radical organizations' and conflicting interests.
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