Exclusive: US Set to Announce $3 Billion Investment in Green Climate Fund at COP28 – Insider Sources

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People arrive to attend the Pledging Conference of the Green Climate Fund (GCF) for the First Replenishment in Paris

People arrive to attend the Pledging Conference of the Green Climate Fund (GCF) for the First Replenishment in Paris, France, October 25, 2019. REUTERS/Pascal Rossignol/File Photo
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DUBAI, Dec 2 (Reuters) – The United States will announce a $3 billion contribution to the Green Climate Fund, sources familiar with matter said on Saturday.

The fund, which was created in 2010, is the largest international fund dedicated to climate action and has over $20 billion in pledges.

The latest pledge would be additional to another $2 billion previously delivered by the United States to the fund.

The pledge will be announced later on Saturday by Vice President Kamala Harris at the U.N. climate summit in Dubai.

Harris, who is representing the United States at COP28 in place of President Joe Biden, is part of a U.S. delegation that also includes climate envoy John Kerry and dozens of senior officials.

Reporting by Nandita Bose and Valerie Volcovici, writing by William James, editing by Elizabeth Piper and Katy Daigle

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Valerie Volcovici covers U.S. climate and energy policy from Washington, DC. She is focused on climate and environmental regulations at federal agencies and in Congress and how the energy transition is transforming the United States. Other areas of coverage include her award-winning reporting on plastic pollution and the ins and outs of global climate diplomacy and United Nations climate negotiations.

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