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Star South Africa (Digital)

Star South Africa (Digital)

1 Issue, 2025-03-14

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Doubts over climate funding as donors squeeze aid budgets

There are growing doubts about a pledge by rich nations to provide more climate finance to poorer nations, as foreign aid budgets are slashed and the US guts environmental spending. Richer nations committed at the UN COP29 summit in November to boost spending on climate action in developing countries to $300 billion a year by 2035, an amount decried as woefully inadequate. Since then, US President Donald Trump has frozen US contributions to the global pot and withdrawn from a funding deal to help developing nations transition to clean energy, among other climate initiatives. The UK, meanwhile, has trimmed overseas aid to raise defence spending, following a slew of similar cuts by climate-friendly governments in Europe. Diplomats and analysts say it remains unclear where the axe may fall, but there…
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Star South Africa (Digital) - 1 Issue, 2025-03-14

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