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US exit from Paris Accord: Climate financing may become tough for India

US is the largest contributor to Green Climate Fund

Subhayan Chakraborty  |  New Delhi 

Getting access to climate financing, already a tough act for developing countries, may become a lot harder with the US pulling out of the Paris Agreement. US President Donald Trump declared on Wednesday that the world’s largest polluter would withdraw from the 2015 Paris climate accord, saying the deal punished America but benefited countries such as India and China.

The US is the largest contributor to the Green Climate Fund (GCF), the principal tool for underdeveloped and developing countries to get access to climate finance from richer nations. Agreed upon by 195 ...

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First Published: Sat, June 03 2017. 23:04 IST
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