The United States is reportedly pressuring development fund donors to reconsider their commitments to "green goals," according to the Financial Times. This push comes amid growing concerns that it could undermine a global agreement aimed at raising $1.3 trillion (about €1.125 trillion) in climate finance by 2035. The effort is part of a broader shift in climate finance priorities, with several major institutions now expected to scale back their climate-related funding. In June, the World Bank announced it would no longer aim to allocate 45% of its financing to projects that provide climate benefits. This move follows similar signals from the U.S., where President Donald Trump has long dismissed climate change as a "scam." Since returning to office, Trump has encouraged other countries and multilateral development banks to reduce their climate financing commitments. The Inter-American Development Bank and the Asian Development Bank are now expected to follow the World Bank’s lead, further weakening global efforts to support climate action in developing nations. Climate finance refers to financial resources provided to help developing countries transition away from fossil fuels and adapt to the impacts of climate change. However, these efforts are now under threat as some wealthy nations face increasing budgetary and political pressures. For example, Germany, under pressure to cut spending, faces challenges in meeting its goal of contributing €6 billion annually to climate finance. Similarly, the United Kingdom has reduced its international climate aid, cutting its target from £11.6 billion (about €13.5 billion) over five years to £6 billion (about €7 billion) over the next three years. Without clear climate criteria guiding their funding, wealthy countries may struggle even more to meet their climate finance commitments. These nations had previously pledged to mobilize at least $300 billion (about €260 billion) annually for developing countries by 2035, with the overall goal of reaching $1.3 trillion by the same year. The current push by the U.S. and others to reduce climate-focused funding raises concerns about whether these targets will be met, potentially slowing global progress on climate action.