November 11

It’s Going to Be Hard for Biden to Meet This $11 Billion Climate Change Promise

By Eric McDaniel

President Biden has pledged to direct $11 billion annually toward international climate aid by 2024, quadrupling the previous U.S. high-water mark.

It is something that Biden has raised repeatedly in speeches to other world leaders, including during the United Nations General Assembly in September.

“To meet our global responsibility, my administration is working with our Congress to deliver more than $11 billion a year to international climate finance,” Biden said then, “to help lower-income countries implement their climate goals and ensure a just energy transition.”

When Biden speaks about U.S. efforts to cut carbon emissions at the UN climate summit, COP27, in Sharm el-Sheikh, Egypt on Friday, Biden will reiterate that he wants to “help the most vulnerable build resilience to climate impacts,” White House press secretary Karine Jean-Pierre told reporters.

Photo courtesy of pavel ahmed.

Source: NPR (link opens in a new window)

climate change, climate finance