Trump Climate Pullback Endangers Crucial Funds for Poor Nations

President Donald Trump’s decision to exit the Paris Agreement and renege on the US International Climate Finance Plan puts in jeopardy much-needed financial assistance to help developing countries adapt to a warmer planet and curb carbon emissions.

The moves, announced within hours of Trump taking office Monday, also risk derailing the commitment that all countries made at COP29 in November to triple annual climate finance to $300 billion by 2035.

Donald Trump signs an executive order during the 60th presidential inauguration parade at Capital One Arena in Washington, DC, on Jan. 20.

Photographer: Victor J. Blue/Bloomberg

Former President Joe Biden introduced the US climate finance plan four years ago, signaling the nation’s resumption of international funding that was halted or cut during Trump’s first term in ...