• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Simon Stiell, Secretary of UN Climate Change (UNFCCC), speaks during an event with the newly announced COP30 President Ambassador Andre Correa do Lago, in Brasilia, Brazil February 6, 2025. Andressa Anholete
Simon Stiell, Secretary of UN Climate Change (UNFCCC), speaks during an event with the newly announced COP30 President Ambassador Andre Correa do Lago, in Brasilia, Brazil February 6, 2025. Andressa Anholete
Home
Sectors
Cop29

Countries agree 10% increase for UN climate budget

June 26th, 2025 | 18:30 PM SECTORS COP29 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

New York readies for record Climate Week despite Trump chill factor
Exclusive: Brazil will be first to invest in global forest fund, sources say
EU set to miss UN climate deadline amid internal divisions
Australia sets its 2035 emissions reduction target at 62-70%
By Kate Abnett

Countries agreed on Thursday to increase the U.N. climate body's budget by 10% for the next two years, a move the body welcomed as a commitment by governments to work together to address on climate change, with China's contribution rising.

The deal, agreed by nearly 200 countries - from Japan to Saudi Arabia, to small island nations like Fiji - at U.N. climate negotiations in Bonn, comes despite major funding cuts at other U.N. agencies, triggered in part by the U.S. slashing its contributions, and political pushback on ambitious climate policies in European countries.

Countries agreed to a core budget of 81.5 million euros for the United Nations Framework Convention on Climate Change (UNFCCC) over 2026-2027, up 10% from 2024-2025. The core budget is funded by government contributions.

The deal includes an increase in China's contribution, reflecting the country's economic growth. China, the world's second-biggest economy, would cover 20% of the new budget, up from 15% previously.

Only the United States, the world's biggest economy, was allocated a bigger share, of 22%. However, President Donald Trump quit the U.N. Paris climate agreement and halted international climate funding. Bloomberg Philanthropies has pledged to cover the U.S. contribution to the UNFCCC budget.

The U.S. did not attend the U.N. climate talks this week in Bonn, Germany where the budget was approved.

UN climate chief Simon Stiell welcomed the increase as "a clear signal that governments continue to see U.N.-convened climate cooperation as essential, even in difficult times."

The UNFCCC runs annual climate negotiations among countries and helps implement deals that are made - including the 2015 Paris Agreement, which commits nearly all nations to limit global warming.

The body has faced a severe budget shortfall in recent years, as major donors including China and the U.S. had not paid on time, prompting the body to cut costs including by cancelling some events.

The UNFCC's running costs and headcount - its core budget funded 181 staff in 2025 - are smaller than some other U.N. bodies facing sharp funding cuts, such as the U.N. trade and development agency's roughly 400 staff.

Meanwhile, the U.N. Secretariat, the global body's executive arm, is preparing to slash its $3.7 billion budget by 20%, according to an internal memo.

  • Topic
  • CLIMATE
  • BUDGET (PIX)
  • CHANGE/UN
Facebook Twitter Google+ LinkedIn Pinterest
Previous article New York readies for record Climate Week despite Trump chill factor

Related Posts

COP29
September 20th, 2025

New York readies for record Climate Week despite Trump chill factor

COP29
September 19th, 2025

Exclusive: Brazil will be first to invest in global forest fund, sources...

COP29
September 18th, 2025

EU set to miss UN climate deadline amid internal divisions

COP29
September 18th, 2025

Australia sets its 2035 emissions reduction target at 62-70%

COP29
September 17th, 2025

UN boosts financial support to poorer countries attending COP30 amid hot...

COP29
September 16th, 2025

Netherlands will highly likely miss 2030 climate goal, experts say

The Wire
Aug 20th 2 h ago
Media & Telecom

'Baby Shark' boy returns to stage as a K-pop singer

Aug 20th 2 h ago
Litigation

SK Hynix to pay 60% of employee bonuses in company stock un...

Aug 20th 2 h ago
Asia Pacific

Outsider who could decide New Zealand's next government wan...

Aug 20th 2 h ago
Business

Aegon raises share buyback plan to 350 million euros

Aug 20th 2 h ago
Africa

South Africa's Exxaro half-year profit down 20%, cuts divid...

TRENDING ON FINANCETIME
Aug 20th, 2026 Cricket

Australia look for response to 'Darwin Disaster' in second Bangladesh test

Aug 20th, 2026 World

Russia strikes drone component facilities, other targets in Kyiv, defence ministry says

Aug 20th, 2026 Asia Pacific

China's Shanghai eases housing policies to spur demand

Aug 20th, 2026 Boards, Policy & Regulation

Fortescue hires law firm to investigate sexual harassment allegations against senior executive

Aug 20th, 2026 Transactional

Treasury's upsized buybacks may complicate Fed's monetary policy work

Markets-Sectors
BASIC MATERIALS +1.43%
UTILITIES +0.00%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT