Scott Bessent confirms U.S. exit from Green Climate Fund

 January 9, 2026

The United States has taken a decisive step away from international climate commitments with its immediate withdrawal from the Green Climate Fund (GCF), as declared by the Treasury Department on January 8, 2026.

On January 7, 2026, the U.S. announced its exit from 66 organizations and treaties tied to global initiatives, with the U.N. Framework Convention on Climate Change (UNFCCC) at the forefront, followed by the GCF withdrawal and relinquishment of its board seat the next day, per a formal notification from the Treasury Department.

U.S. Steps Back from Climate Funding

The move reflects a broader policy shift under the Trump administration, which has prioritized withdrawing from agreements deemed inconsistent with national interests.

Treasury Secretary Scott Bessent made the announcement clear, stating, “Effective immediately, the United States is withdrawing from @theGCF.”

Supporters of the decision argue that this pivot is long overdue, pointing to a need to focus on domestic priorities over international obligations that may not directly benefit American taxpayers.

Trump Administration Rejects GCF Priorities

The GCF, established in 2009 through a U.N. agreement in Copenhagen, aims to funnel $100 billion annually to developing nations for climate projects and damage mitigation, a goal tied to UNFCCC objectives.

Under the prior Biden administration, U.S. contributions surged with a $1 billion pledge in April 2023 and a $3 billion commitment at the COP28 summit in December 2023, commitments now effectively nullified.

The Treasury Department emphasized that participating in the GCF no longer aligns with the administration’s goals, focusing instead on promoting all affordable and reliable energy sources.

Debate Over Taxpayer Dollars Intensifies

Bessent didn’t mince words, declaring, “Our nation will no longer fund radical organizations like the GCF whose goals run contrary to the fact that affordable, reliable energy is fundamental to economic growth and poverty reduction.”

That’s a sharp jab at a fund many see as a symbol of overreach, funneling taxpayer dollars into projects with questionable returns for the average American worker or family struggling with energy costs.

Contrast that with voices from the other side, like former Vice President Kamala Harris, who at COP28 in December 2023 warned, “Around the world, there are those who seek to slow or stop our progress.”

Energy Policy Takes Center Stage

Harris’s words paint a picture of obstruction, but let’s be real—prioritizing domestic energy stability over distant climate pledges isn’t denial; it’s pragmatism for a nation tired of footing the bill for global experiments.

The Trump administration’s stance is clear: U.S. taxpayer money shouldn’t bankroll entities perceived as misaligned with national interests, a principle guiding the exit from dozens of treaties this week alone.

While the GCF’s mission to support vulnerable nations isn’t without merit, the question remains whether American families should shoulder the burden when energy affordability at home is still a pressing concern. After all, charity starts in your own backyard, and this administration seems intent on cleaning house before writing checks abroad.

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