Trump aims to use UN climate fund for coal plants: report
The Trump administration is angling to use a United Nations climate change adaptation fund to pay for the construction of coal plants instead, Bloomberg News reports.
An official told Bloomberg that the White House is pushing to use the Green Climate Fund, which the U.S. has contributed $1 billion to, for more “clean coal” power plants around the world.
The Green Climate Fund is a U.N. effort designed to send contributions from rich countries to developing nations who are bracing for the worst impact of climate change.
{mosads}Some of the programs the GCF has funded include hydropower projects in the Solomon Islands and Tajikistan and a renewable energy push in Egypt. A Trump official told Bloomberg the U.S. would push to spend future money on “clean coal” and other power plants that aim to produce fewer carbon emissions than existing power facilities.
One of President Trump’s main complaints about the Paris climate agreement was the $3 billion pledge the Trump administration made to the GCF. Former President Barack Obama was able to contribute $1 billion before he left office earlier this year, and Trump has said the U.S. will stop future payments to the fund.
But the U.S. still has a seat on the GCF’s board by virtue of its previous contributions. The GCF funds projects on a consensus basis, making it more difficult for the U.S. to push a coal project through without buy-in from other nations.
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