WASHINGTON — The United States has withdrawn from a South Korea-based international institution on climate change, the Treasury Department said Thursday, a day after President Donald Trump signed a memorandum to exit dozens of global organizations that he said are "contrary" to U.S. interests. The department said it has notified the Green Climate Fund (GCF) that the U.S. would withdraw from the fund and step down from its seat on the GCF board, "effective immediately," in line with the Trump administration's decision to leave the U.N. Framework Convention on Climate Change (UNFCCC). Headquartered in Incheon, west of Seoul, the GCF was formed in 2010 under the UNFCCC to help developing countries with climate change adaptation and mitigation efforts. "Our nation will no longer fund radical organizations like the GCF whose goals run contrary to the fact that affordable, reliable energy is fundamental to economic growth and poverty reduction," Secretary of the Treasury Scott Bessent was quoted as saying in a press release. The department added that continued participation in the GCF was de