At the first board meeting of the Green Climate Fund (GCF) since President Donald Trump cancelled $4 billion in US pledges to it, countries sparred this week over who should plug the gap.
Board members representing Germany and Sweden encouraged governments outside the GCF’s existing contributor base – such as high-income developing nations – to open their wallets. But oil-rich Saudi Arabia, which would be included in that group, pushed back vehemently, calling the suggestion “unacceptable”.
The United States did not turn up to the meeting, leaving an empty seat among the board’s 24 members. But the White House’s decision to rescind its GCF contributions, promised under previous Democrat administrations, cast a long shadow over the discussions this week in Songdo, South Korea.
Threat to ambition
The loss of US funding puts at risk the GCF’s plans to significantly increase the amount of money it provides to programmes that help developing countries adopt clean energy and adapt to climate change.
The GCF’s latest fundraising round for 2024 to 2027 raked in an ambitious $13.6 billion – up from $10 billion in the previous four-year period – after then US Vice President Kamala Harris announced a $3-billion pledge at COP28 in Dubai. Another $1 billion was still due from a promise made under the administration of Barack Obama.
But, with the US money now off the table under an administration that has taken an axe to development aid and climate finance, the GCF expects to deploy just over $10 billion through 2027. That puts it on a path to only marginally exceed a “low” or “status quo” scenario as outlined in its strategy documents.
Ahead of this week’s board meeting, GCF Executive Director Mafalda Duarte had urged world leaders not to step back from channelling “critical” climate finance to the developing world through the UN’s biggest climate fund.
Wealthy developing states urged to chip in
Board members reiterated her calls for additional contributions, but disagreed on where the extra money should come from.
Germany’s representative named “high-income, non-traditional donors” as a potential source of funding, alongside “non-sovereign contributors” and the private sector. While the board member did not single out specific countries, German diplomats have previously called on China and the Gulf States to pay towards the new UN climate finance goal agreed at COP29 last November.
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In South Korea, the Swedish delegate encouraged existing donors to put more money into the GCF and urged those not currently contributing to do so “according to their capacity”.
“This fund has already expanded its donor base over the years,” he highlighted.
Ten countries outside the industrialised group of nations defined under the UN climate convention in 1992 have made voluntary contributions to the GCF since its creation, including Chile, Colombia, Indonesia, Mexico and Israel. The bulk of the funding still comes from developed countries, with Germany, Japan, the UK and France the biggest providers.
Saudi hits back
In response, Saudi Arabia’s representative fiercely opposed suggestions that developing countries should be asked to put more money into the GCF’s coffers.
“We’re finding it troubling that we see a few board members […] attempting to apply pressure on developing countries to make up the contributions of one of the largest historical emitters and the largest economy in the world,” he said, referring to the United States.
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The Saudi official then called on colleagues from developed countries to apply the same pressure on their partners across the Atlantic.
Like many other petrostates, Saudi Arabia’s wealth has grown significantly since it was classed as a developing country in 1992. Its majority state-owned oil company Saudi Aramco made $121 billion in profit in 2023.
The GCF discussion ended without a conclusion on how to make up the funding shortfall.
New projects and ‘regional presence’
In other business, the GCF board approved investments of $686.8 million for 11 projects spanning 42 countries at this week’s meeting, including its first ones in Togo and Serbia, bringing its total funding to $16.6 billion – three-quarters of it provided as grants.
“During these challenging times, GCF is showing how countries are able to reaffirm their individual and collective commitment to accelerating support to climate-vulnerable communities,” GCF board co-chair Leif Holmberg, also from Sweden, said in a statement.


The GCF expects to approve up to $3 billion in new projects in 2025 and aims to grow its total portfolio to at least $50 billion by 2030. But a spokesperson for the fund reiterated that “if pledges are not fully realized, our ability to support the climate ambitions of developing countries will be constrained”.
Aside from the US, Italy and Hungary have not yet confirmed pledges made in the latest fundraising round, while France and Canada have provided only partial confirmation of theirs. But the GCF’s administrative unit told board members that it “does not foresee any issues” with non-US money flowing into the fund.
The GCF board also decided this week to establish “a regional presence” to bring it closer to the countries it serves and to increase the climate impact of its projects, it said. The details are still to be worked out.
“If climate action is local action – which it is – then the Green Climate Fund needs to be local too,” said GCF chief Duarte. “I’m pleased that the Fund has taken a historic step in establishing a presence in key regions, bringing our world-class specialists closer to those who will benefit most from their support.”
The post After US retreat, countries clash over who should make up Green Climate Fund shortfall appeared first on Climate Home News.
After US retreat, countries clash over who should make up Green Climate Fund shortfall
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Curbing methane is the fastest way to slow warming – but we’re off the pace
Gabrielle Dreyfus is chief scientist at the Institute for Governance and Sustainable Development, Thomas Röckmann is a professor of atmospheric physics and chemistry at Utrecht University, and Lena Höglund Isaksson is a senior research scholar at the International Institute for Applied Systems Analysis.
This March scientists and policy makers will gather near the site in Italy where methane was first identified 250 years ago to share the latest science on methane and the policy and technology steps needed to rapidly cut methane emissions. The timing is apt.
As new tools transform our understanding of methane emissions and their sources, the evidence they reveal points to a single conclusion: Human-caused methane emissions are still rising, and global action remains far too slow.
This is the central finding of the latest Global Methane Status Report. Four years into the Global Methane Pledge, which aims for a 30% cut in global emissions by 2030, the good news is that the pledge has increased mitigation ambition under national plans, which, if fully implemented, could result in the largest and most sustained decline in methane emissions since the Industrial Revolution.
The bad news is this is still short of the 30% target. The decisive question is whether governments will move quickly enough to turn that bend into the steep decline required to pump the brake on global warming.
What the data really show
Assessing progress requires comparing three benchmarks: the level of emissions today relative to 2020, the trajectory projected in 2021 before methane received significant policy focus, and the level required by 2030 to meet the pledge.
The latest data show that global methane emissions in 2025 are higher than in 2020 but not as high as previously expected. In 2021, emissions were projected to rise by about 9% between 2020 and 2030. Updated analysis places that increase closer to 5%. This change is driven by factors such as slower than expected growth in unconventional gas production between 2020 and 2024 and lower than expected waste emissions in several regions.
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This updated trajectory still does not deliver the reductions required, but it does indicate that the curve is beginning to bend. More importantly, the commitments already outlined in countries’ Nationally Determined Contributions and Methane Action Plans would, if fully implemented, produce an 8% reduction in global methane emissions between 2020 and 2030. This would turn the current increase into a sustained decline. While still insufficient to reach the Global Methane Pledge target of a 30% cut, it would represent historical progress.
Solutions are known and ready
Scientific assessments consistently show that the technical potential to meet the pledge exists. The gap lies not in technology, but in implementation.
The energy sector accounts for approximately 70% of total technical methane reduction potential between 2020 and 2030. Proven measures include recovering associated petroleum gas in oil production, regular leak detection and repair across oil and gas supply chains, and installing ventilation air oxidation technologies in underground coal mines. Many of these options are low cost or profitable. Yet current commitments would achieve only one third of the maximum technically feasible reductions in this sector.
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Agriculture and waste also provide opportunities. Rice emissions can be reduced through improved water management, low-emission hybrids and soil amendments. While innovations in technology and practices hold promise in the longer term, near-term potential in livestock is more constrained and trends in global diets may counteract gains.
Waste sector emissions had been expected to increase more rapidly, but improvements in waste management in several regions over the past two decades have moderated this rise. Long-term mitigation in this sector requires immediate investment in improved landfills and circular waste systems, as emissions from waste already deposited will persist in the short term.
New measurement tools
Methane monitoring capacity has expanded significantly. Satellite-based systems can now identify methane super-emitters. Ground-based sensors are becoming more accessible and can provide real-time data. These developments improve national inventories and can strengthen accountability.
However, policy action does not need to wait for perfect measurement. Current scientific understanding of source magnitudes and mitigation effectiveness is sufficient to achieve a 30% reduction between 2020 and 2030. Many of the largest reductions in oil, gas and coal can be delivered through binding technology standards that do not require high precision quantification of emissions.
The decisive years ahead
The next 2 years will be critical for determining whether existing commitments translate into emissions reductions consistent with the Global Methane Pledge.
Governments should prioritise adoption of an effective international methane performance standard for oil and gas, including through the EU Methane Regulation, and expand the reach of such standards through voluntary buyers’ clubs. National and regional authorities should introduce binding technology standards for oil, gas and coal to ensure that voluntary agreements are backed by legal requirements.
One approach to promoting better progress on methane is to develop a binding methane agreement, starting with the oil and gas sector, as suggested by Barbados’ PM Mia Mottley and other leaders. Countries must also address the deeper challenge of political and economic dependence on fossil fuels, which continues to slow progress. Without a dual strategy of reducing methane and deep decarbonisation, it will not be possible to meet the Paris Agreement objectives.
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The next four years will determine whether available technologies, scientific evidence and political leadership align to deliver a rapid transition toward near-zero methane energy systems, holistic and equity-based lower emission agricultural systems and circular waste management strategies that eliminate methane release. These years will also determine whether the world captures the near-term climate benefits of methane abatement or locks in higher long-term costs and risks.
The Global Methane Status Report shows that the world is beginning to change course. Delivering the sharper downward trajectory now required is a test of political will. As scientists, we have laid out the evidence. Leaders must now act on it.
The post Curbing methane is the fastest way to slow warming – but we’re off the pace appeared first on Climate Home News.
Curbing methane is the fastest way to slow warming – but we’re off the pace
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