The United States has pulled out of a climate funding deal struck by rich nations to help their developing counterparts transition to clean energy, the programme's first beneficiary South Africa

The National Schools of Community Networks were a collective capacity and movement building effort for the creation, development and consolidation of community networks in five countries: Brazil, Indonesia,

Today’s newsletter looks at the state of climate finance initiatives around the world following news the US has pulled out of major green transition deals in South Africa and Indonesia. You can also read and share these stories on Bloomberg.

The United States has withdrawn from a climate agreement where rich nations have pledged billions of dollars to help a small group of developing countries switch from coal to green energy sources.

The United States has pulled out of a climate funding deal struck by rich nations to help their developing counterparts transition to clean energy, the programme's first beneficiary South Africa and Indonesia said Thursday.

The United States has withdrawn from the Just Energy Transition Partnerships (JETP), a multi-billion-dollar initiative launched in 2021 to help emergi.

Since President Donald Trump returned to office in January, Washington has slashed foreign aid and championed development of fossil fuels. The U.S. state department did not immediately respond to a request for comment. The sources declined to be named as they were not authorised to speak on the matter.

By pulling out of two global climate finance programs, the United States has increased challenges for vulnerable countries.

WASHINGTON : The US is withdrawing from the Just Energy Transition Partnership (JETP), a collaboration between richer nations to help developing countries transition from coal to cleaner energy, the US treasury department said on Thursday. Reuters reported on the withdrawal on Wednesday, based on several sources in key participating countries.

A $9.3 billion climate deal rich nations struck with South Africa to help it transition to clean forms of energy will forge ahead despite the withdrawal of the US, with other partners remaining committed to it,

The US's withdrawal from the Just Energy Transition Partnership raises concerns over South Africa's electrification initiatives and broader energy transition commitments.

Since President Trump returned to office in January, the US has slashed foreign aid and championed development of fossil fuels. Read more at straitstimes.com.