Five things Trump’s Paris Climate Speech got wrong in his attack on Green Climate Fund
by Karen Orenstein, Deputy Director of Economic Policy, Friends of the Earth U.S.
Donald Trump announced this afternoon that the United States will begin the process of withdrawing from the Paris Agreement. During his remarks, Trump made a series of inaccurate and misleading statements about the Green Climate Fund in connection to his withdrawal decision.
The United Nation’s Green Climate Fund (GCF) is the world’s premier multilateral fund to help vulnerable women, men, and children in developing countries confront the climate crisis.
Trump’s venomous attack on the Green Climate Fund spewed lies and ignorance.
We need to correct the record:
Trump said: The Green Climate Fund is a $100 billion fund.
Reality: The GCF is a $10.3 billion fund. Trump’s $100 billion figure comes from the amount that developed countries have collectively committed to mobilize annually for developing countries by 2020 through a process un-related to the GCF. There has never been an intention for the GCF to be a $100 billion fund.
Trump said: U.S. funding for the GCF represents a major portion of our country’s already massive foreign aid payment.
Reality: The U.S. contribution to the GCF represents 0.00559% of U.S. GDP. In total, poverty-alleviation focused foreign aid represented just 0.8% of the federal budget over the past several years.
Trump said: The budget for the so-called war on terror was raided to pay for the U.S. contribution to the Green Climate Fund.
Reality: When a statement is so far from any basis in fact, it is hard to rebut. Funding for the Green Climate Fund comes from U.S. taxpayers, who overwhelmingly support action on climate change. U.S. contributions have come from the Department of State’s Economic Support Fund.
Trump said: The U.S. is the largest contributor to the GCF.
Trump said: The GCF could obligate the U.S. to commit tens of billions of dollars.
Reality: All contributions to the GCF are voluntary.