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Diamond Member
During his first speech before the United Nations General Assembly, President Biden called for an additional boost for climate financing for developing countries.
The administration said in April that it would double its climate financing for developing countries, which reportedly brought its annual commitment to $5.7 billion. On Tuesday, Biden said he'll seek to double that again, reaching about $11.4 billion per year.
“In April, I announced the United States will double our public international financing to help developing nations tackle the climate crisis, and today, I’m proud to announce that we’ll work with the Congress to double that number again, including for adaptation efforts,” he said.
Timing is everything. In the April announcement, the administration said that it hoped to double financing for climate-related programs in developing countries by 2024 compared to the average level during fiscal years 2013 through 2016.
In his new speech, Biden didn’t specify what the timeline would be for the additional boost to climate financing.
I believe that has to be approved by Congress, right? I don't know about you, but I don't think we should be sending money overseas that adds to our debt. Don't we have higher priorities here at home?
The administration said in April that it would double its climate financing for developing countries, which reportedly brought its annual commitment to $5.7 billion. On Tuesday, Biden said he'll seek to double that again, reaching about $11.4 billion per year.
“In April, I announced the United States will double our public international financing to help developing nations tackle the climate crisis, and today, I’m proud to announce that we’ll work with the Congress to double that number again, including for adaptation efforts,” he said.
Timing is everything. In the April announcement, the administration said that it hoped to double financing for climate-related programs in developing countries by 2024 compared to the average level during fiscal years 2013 through 2016.
In his new speech, Biden didn’t specify what the timeline would be for the additional boost to climate financing.
Overnight Energy & Environment — Presented by the League of Conservation Voters — Biden, Xi talk climate at UN forum
Welcome to Tuesday’s Overnight Energy & Environment, your source for the latest news focused on energy, the environment and beyond.
thehill.com
I believe that has to be approved by Congress, right? I don't know about you, but I don't think we should be sending money overseas that adds to our debt. Don't we have higher priorities here at home?