$ 11 Billion Is the Pledged Sum to the Global Climate FundWorld | October 25, 2019, Friday // 17:04| views
French Finance Minister Bruno Le Maire said today that the pledges to fill the international fund to help poor countries deal with climate change will reach $ 11 billion, the Associated Press reported.
At a Paris conference on completing the so-called Green Climate Fund, Le Maire described it as a "great success".
He added that "this is a European success" and noted that only France, Germany and the UK provide almost half of the amount.
US President Donald Trump's decision not to release $ 2 billion of the $ 3 billion pledged by his predecessor, Barack Obama, has contributed to a shortfall in funds that other countries have been struggling to fill.
The meeting in Paris took place just over a month before the annual UN climate conference, which will be held in the Chilean capital, Santiago, this year.