Guardian

"Don't Mention Climate": Trump Pressure Stalls Global Green Fund Talks

usa Environment economy politics
A major new plan to fund climate action for poor countries is at risk this week. The reason? Political pressure to avoid even talking about climate change. The International Monetary Fund (IMF) and World Bank spring meetings are happening now. A key goal was to agree on a new "Climate Change Action Plan" (CCAP). This plan would guide billions in funding to developing nations. These countries urgently need money to protect their people from climate disasters. But sources say they are being told not to mention the climate crisis in negotiations. One insider called the situation "beyond absurd." Talks are focused on global oil market instability, yet the linked climate issue is being suppressed. The pressure is widely linked to the administration of U.S. President Donald Trump. The United States is the largest shareholder in both the IMF and World Bank. The current World Bank climate strategy expires in June. Without a new plan, efforts to fund green energy and climate adaptation could be delayed or shelved. The meetings are already set against a tense global backdrop, including a fragile ceasefire in the Middle East.