USAID Funding Freeze Deals a Major Blow to Climate Finance : Céline Mulrean / Earth.org

Where will the money come from for the goals of COP29 or any other climate targets?


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Summary

The freeze on USAID funding has disrupted vital climate programs, threatening billions in climate adaptation and resilience efforts. While existing funding was temporarily reinstated after a legal challenge, new programs remain blocked. This move is part of a broader US retreat from global climate action, including pulling out of the Paris Agreement and cutting support for international climate initiatives. Major programs like SERVIR, which helps predict weather disasters, are now at risk. With other donors also scaling back, the global climate finance gap widens, jeopardizing critical goals like mobilizing $300 billion annually for developing countries. The freeze threatens not just vulnerable nations, but global progress on climate action.

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“The abrupt halt of these programs is not just a financial setback – it threatens global resilience and undermines long-term development goals.”