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In meeting with big economies, US announces more funds to fight climate change
(EurActiv, 21 Apr 2023) President Joe Biden announced plans to increase US funding to help developing countries fight climate change and curb deforestation in Brazil’s Amazon rainforest during a meeting on Thursday (20 April) with leaders from the world’s largest economies.
During a virtual meeting of the Major Economies Forum on Energy and Climate, Biden urged his counterparts to be ambitious in setting goals to reduce emissions and meet a target of limiting overall global warming to 1.5 degrees Celsius.
“We’re at a moment of great peril but also great possibilities, serious possibilities. With the right commitment and follow-through from every nation … on this call, the goal of limiting warming to 1.5 degrees can stay within reach,” Biden said.
The countries that take part in the forum account for about 80% of the world’s greenhouse gas emissions and global gross domestic product, according to the White House. Thursday’s meeting was the group’s fourth under Biden’s presidency.
$1 billion for Green Climate Fund
Biden announced a US contribution of $1 billion to the Green Climate Fund, which finances projects on clean energy and climate change resilience in developing countries, doubling the overall US contribution.
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