Published: October 6th, 2023,
Last updated: October 6th, 2023
At a donor conference for the United Nations Green Climate Fund (GCF), 25 countries announced a total of $9.322 billion for international climate financing on Thursday. However, this amount is about half a billion lower than four years ago when the fund was last replenished. This is mainly because five donor countries have pledged funds but have yet to specify the exact amount in the coming weeks. These include major emitters like the United States and Australia, as well as Sweden, Switzerland and Italy. With their commitments, the total sum is expected to increase.