U.S. Pays $1 Billion into Green Climate Fund, Top Polluters Pay Nothing-Truth! & Misleading!
Summary of eRumor:
The United States has paid $1 billion into the United Nation’s Green Climate Fund while the world’s top polluters — China, India and Russia — have paid nothing.
Claims are true that the United States’ paid $1 billion into the Green Climate Fund (GCF) while the world’s top polluters — namely China, India and Russia — paid nothing. These claims are also misleading, however, because they don’t account for billions of dollars in financial commitments those countries have made to the same cause outside of the GCF.
Questions about the United States’ financial commitments to the GCF were raised by President Donald Trump in his Rose Garden announcement that the U.S. would not honor its commitment to the Paris Agreement in June 2017:
“Beyond the severe energy restrictions inflicted by the Paris accord, it includes yet another scheme to redistribute wealth out of the United States through the so-called ‘green climate fund’ — nice name — which calls for developed countries to send $100 billion to developing countries.”
The United States contributed $1 billion to the global Green Climate Fund, but the world’s top polluters contributed nothing, David Asman reported. Asman said on “Forbes on Fox” that China, Russia and India contributed no money to the Green Climate Fund, yet that international community pressured the U.S. to join the Paris Climate Accord. Steve Forbes said that the billion-dollar payment is another reason why President Trump was smart to withdraw the U.S. from the Paris agreement.
WASHINGTON—The U.S. and China on Friday announced significant steps in their efforts to combat climate change, including a pledge by China to launch a program by 2017 to cap some emissions and put a price on carbon and to contribute $3.1 billion to help poorer countries finance their own transition programs.
Aside from that, China’s Foreign Economic Cooperation Office (FECO) signed an agreement with the Green Climate Fund in March 2017 to become an accredited member, signaling ongoing and future support.