The United States has withdrawn from a climate agreement where rich nations have pledged billions of dollars to help a small group of developing countries switch from coal to green energy sources

South Africa's G20 presidency this year will prioritise efforts to help developing countries finance their shift to a low-carbon economy, President Cyril Ramaphosa said, even as the United States radically scales back its support.

The initiative is intended to help emerging economies move away from coal and other non-renewable energy sources. View on euronews

The United States has withdrawn from the Just Energy Transition Partnerships (JETP), a multi-billion-dollar initiative launched in 2021 to help emerging economies move away from coal and other non-renewable energy sources.

South Africa and Indonesia said the US has pulled out of a climate funding deal struck to help developing countries transition to clean energy.