A Little-Known Climate Fund Is Suddenly In The Spotlight
The Green Climate Fund has been thrust into the spotlight of late.
President Trump singled it out for scorn in his Rose Garden remarks last week announcing his decision to pull the U.S. from the Paris climate agreement. Along with that move, Trump noted, he is ending further U.S. contributions to the "so-called Green Climate Fund — nice name."
Advocates for the environment have countered with op-eds in defense of the fund. Even comedian John Oliver jumped into the fray. In his Sunday night HBO show, Oliver offered a point-by-point rebuttal of numerous incorrect statements that Trump made about the fund, including the erroneous claim that the GCF, which is funded through voluntary contributions, would "likely obligate the United States to commit potentially tens of billions of dollars."
Yet it seems a fair guess that most people remain hazy on what the Green Climate Fund actually is — not the least because the GCF is so green in the other sense of that word: It's only just getting off the ground.