UK Halves Contribution to Global Climate Fund After US Pulls $4 Billion Pledge
The world’s largest state-backed climate fund will lose half its funding from the UK following the cancellation of a $4 billion U.S. pledge in 2025. The developments mark a significant reduction in support for the fund from two of its largest historical contributors. @business reported the changes.
rnz.co.nzThe world’s largest state-backed climate fund will lose half its funding from the UK, a major setback following the cancellation of a $4 billion pledge from the US last year. @business reported both the UK funding reduction and the earlier US decision.
The combined effect of the UK cut and the prior US action leaves the fund with substantially lower resources from two major donor nations. No further details on the precise timing of the UK decision or remaining funding levels were disclosed.
Key Facts
Story Timeline
2 events- 2025
US cancels $4 billion pledge to the world’s largest state-backed climate fund
1 source@business - 2026-05-14
UK to cut funding to the world’s largest state-backed climate fund by half
1 source@business
Potential Impact
- 01
Significant reduction in resources for the world’s largest state-backed climate fund
- 02
Reduced capacity for international climate projects reliant on the fund
Transparency Panel
Related Stories
The GuardianWHO Chief Visits DRC as Ebola Death Rate Reaches 30-50%
World Health Organization director-general Tedros Adhanom Ghebreyesus arrived in the Democratic Republic of the Congo to support containment of a new Ebola outbreak. The agency revised the death rate to 30-50% based on confirmed cases and recorded 10 confirmed and 223 suspected d…
westernjournal.comGreek National Charged in UK With Aiding Iran-Linked Intelligence Service
A 46-year-old Greek man living in Germany was charged under the UK National Security Act with assisting an intelligence service believed to be Iran by targeting a journalist at Iran International.
physicianonfire.comBilt Rewards reports $1 billion revenue target for 2026
Bilt Rewards CEO Ankur Jain said the company's flagship credit card accounts for less than 11 percent of revenue. The firm now processes more than $100 billion in annual housing spend across one in four U.S. apartment buildings.