Summary

AI-generated

This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.

Learn more about AI enrichment

A coalition of 114 organizations urges the Biden Administration to make an ambitious financial pledge to the Green Climate Fund's second replenishment.

Key insights

AI-generated

These insights are written by a language model reading the source document. They are not the publisher's words and are not a substitute for the original.

Learn more about AI enrichment
  • The Green Climate Fund (GCF) serves as the largest multilateral fund for climate investment in developing countries, having secured over $20 billion in commitments from 46 countries since 2010 to support 228 projects across 129 developing nations.
  • The GCF demonstrates a catalytic financial effect, mobilizing nearly three times the amount of its direct financial support from private and public sources, resulting in a total portfolio exceeding $48 billion.
  • The United States has recently announced a $1 billion contribution toward its original 2014 pledge of $3 billion, which aligns with broader goals to provide $11.4 billion annually in climate finance by Fiscal Year 2024 and $3 billion annually for adaptation via the PREPARE initiative.
  • The coalition argues that failing to make an ambitious pledge for the second replenishment would damage U.S. global standing, weaken its negotiating position at COP28, and discourage other donors from providing climate finance.

Cite the original document

APA
Union of Concerned Scientists (2023). gcf-pledge-ngo-support-letter-3d39d0c091ada1c4.pdf. https://ucs-documents.s3.amazonaws.com/global-warming/GCF-Pledge-NGO-Support-Letter.pdf
Chicago
Union of Concerned Scientists. gcf-pledge-ngo-support-letter-3d39d0c091ada1c4.pdf. 2023. https://ucs-documents.s3.amazonaws.com/global-warming/GCF-Pledge-NGO-Support-Letter.pdf.
Wikipedia
{{cite press release |author=Union of Concerned Scientists |title=gcf-pledge-ngo-support-letter-3d39d0c091ada1c4.pdf |date=25 September 2023 |url=https://ucs-documents.s3.amazonaws.com/global-warming/GCF-Pledge-NGO-Support-Letter.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
BibTeX
@misc{unionofconcernedscientists2023gcfpledgengosupportletter3d39d0c091ada1c4pdf, author = {{Union of Concerned Scientists}}, title = {{gcf-pledge-ngo-support-letter-3d39d0c091ada1c4.pdf}}, publisher = {Union of Concerned Scientists}, year = {2023}, month = sep, url = {https://ucs-documents.s3.amazonaws.com/global-warming/GCF-Pledge-NGO-Support-Letter.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }

Full text

Collected · Record updated