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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    green climate fund

    Fire breaks out in Shahran oil depot following US and Israeli attacks in Tehran

    In a World at War, the Biggest Loser Is Climate

    Reinvesting just 15% of global military spending, roughly $387 billion, would be more than enough to cover the annual costs of climate adaptation in developing countries. The money exists. The will does not.

    Jawad Khalid
    May 20, 2026

    Last week, the British government quietly informed the United Nation's Green Climate Fund that it would halve the contribution it pledged just two years ago, not because the climate crisis has eased, but because it is spending more on weapons. The move was framed as a "hugely difficult decision," not ideological, and necessary to deliver what United Kingdom Foreign Minister Yvette Cooper called "the biggest increase in defence spending since the Cold War." The planet, apparently, can wait.

    It cannot.

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    Air Force Works To Meet Increased Demand For Remotely Piloted Aircraft

    The US Should Fund Climate Solutions, Not Fossil-Fueled War

    In addition to cutting our own renewable programs to spend more on the carbon-intensive Pentagon, we’re also spending nearly 40 times more helping other countries do the same rather than helping them adapt to our warming planet.

    Alliyah Lusuegro
    Dec 18, 2025

    Ten years ago as of December 2025, nearly every country in the world made a promise. By signing the Paris Agreement, governments committed to limit global temperature rises to no more than 2°C—and ideally 1.5°C— to avoid the most devastating impacts of a warming planet.

    Recognizing their historic responsibility for greenhouse gas emissions, the Paris Agreement called on wealthier countries like the United States to contribute funding to help poorer countries adapt. And it envisioned the economic and social transformations needed to keep the planet from overheating to unlivable levels.

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    paris agreement
    Pigs in pig farm in China.

    World Bank Leads Development Giants in Investing $2.27 Billion in Factory Farms

    "We're calling on World Bank President Ajay Banja to phase out these investments, which are undermining his climate agenda," said one researcher.

    Olivia Rosane
    Oct 21, 2024

    The Green Climate Fund and 11 of the 15 multilateral development banks together invested at least $2.27 billion in factory farming in 2023, undercutting their stated climate goals, according to a report published Monday by the Stop Financing Factory Farming coalition.

    The report, launched the same day as the start of the International Monetary Fund and the World Bank's annual meetings in Washington, D.C., found that the World Bank was the worst offender. The bank—principally through its private-sector lending arm the International Finance Corporation (IFC)—put nearly $750 million toward industrial agricultural projects, five times more than any of the other banks.

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    Green Climate Fund Pledging Summit, Bonn

    ‘Inexcusable’: US Slammed for Refusal on Global Green Climate Fund

    "Parties missed a pivotal opportunity for developed countries to walk the talk regarding their commitments to combating the climate crisis," one campaigner lamented.

    Brett Wilkins
    Oct 06, 2023

    Climate defenders admonished several rich nations for falling short of the $10 billion fundraising goal set for Thursday's Green Climate Fund Pledging Summit in Bonn, Germany, with the United States singled out for what one campaigner called its "glaring and inexcusable" failure to contribute this round, even as the climate emergency worsens.

    The Green Climate Fund (GCF)—established in 2010 under the United Nations Framework Convention on Climate Change (UNFCCC) to finance projects in developing nations to help them adapt to the climate emergency—presented an opportunity for wealthier nations to make new and increased pledges ahead of the U.N. Climate Change Conference, or COP28, which begins November 30 in Dubai.

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    green climate fund
    A farmer in a red hat tends to oil palm trees in rows.

    The UN’S Green Climate Fund Must Stop Financing False Solutions

    Climate finance must be redirected away from greenwashing and towards real solutions like a just transition, helping frontline communities, conservation, protection of land and forests, and reforestation.

    Omar Yampey
    Jul 14, 2023

    On July 12, 2023, the United Nations Framework Convention on Climate Change’s Green Climate Fund, the largest global fund dedicated to combating climate change, approved a funding proposal by the &Green Fund for more than $189.3 million for monoculture plantations of oil palm, cocoa, and rubber, and for unsustainable industrial cattle farming. It was passed during the fund’s 36th Board Meeting, held in the Republic of Korea.

    Civil society organizations had earlier raised concerns that the Green Climate Fund (GCF) was considering more investments in false climate change solutions such as monoculture plantations and intensive livestock farming, which exacerbate the impacts of climate change. The GCF Observer Network had put forward their concerns prior to and during the board meeting outlining why &Green Fund’s proposal should not be approved. Despite strong opposition that the project—which has the Dutch Development Bank (FMO) as the accredited entity—would further undermine the rights of Indigenous Peoples and enable greenwashing, the proposal was passed.

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    Opinion
    climate emergency

    Green Climate Fund: Where Big Banks Profit Again from Crisis They Helped Create

    Letting big financial institutions manage climate adaptation funds 'would pose serious reputational and moral risk' to global body

    Deirdre Fulton
    Mar 07, 2016

    As the Green Climate Fund (GCF), the financial mechanism for the UN climate agency, meets this week in South Korea, more than 170 civil society groups are calling on the international body to reject bids from big banks HSBC and Credit Agricole to receive and manage funds to help poorer nations tackle climate change.

    Given their role in financing climate pollution and their poor records on human and environmental rights, approving the financial giants' applications would run counter to the Fund's goals, the groups say.

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    green climate fund
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