"Biden administration's decision on U.S. contribution to the GCF is key to ramping up much-needed support for green, climate-resilient recovery in poorer nations, says fund's head"
"BARCELONA - As the Green Climate Fund seeks to ramp up its financing for climate action and green recovery in developing nations, it needs the United States to restart contributions halted by its former president, the fund's executive director said on Friday.
Donald Trump refused to deliver two-thirds of an initial $3-billion U.S. pledge to the multi-billion-dollar fund, set up under U.N. climate talks to help poorer countries pursue clean growth and adapt to a warming planet.
Green Climate Fund (GCF) chief Yannick Glemarec told the Thomson Reuters Foundation discussions with the new U.S. government had been "extremely positive (and) constructive".
But he could not say when President Joe Biden's administration would make an announcement on backing for the fund."
Megan Rowling reports for Thomson Reuters Foundation March 26, 2021.
