Obama Pays $500 Million to UN Fund That Trump Vows to Cut Off
- U.S. has now contributed $1 billion to the Green Climate Fund
- Obama pledged $3 billion as part of the Paris climate accord
US President Barack Obama speaks during his farewell address in Chicago, Illinois on Jan. 10.
Photographer: Nicholas Kamm/AFP via Getty ImagesThis article is for subscribers only.
Three days before leaving office, President Barack Obama made a $500 million contribution to a United Nations climate fund, part of a commitment under the Paris climate accord that Donald Trump has vowed to rescind.
The U.S. has now contributed $1 billion to the Green Climate Fund to help poor nations develop clean energy and cope with the impact of global warming, according to a statement Tuesday from the U.S. State Department.