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Tag: GEF

Green funds dry up for developing countries

With the US halving its contribution to the Global Environment Facility, the oldest green fund sees first budget cut in 27 years, hurting the least developed countries the most

Industrialised countries will cut funding for the Global Environment Facility from USD 4.4 billion in 2014 to USD 4.1 billion for the four-year budget from 2018. The main reason is that the US…Read More