The president made the case that the U.S. can be counted on to do its part in both reducing its own greenhouse gas emissions and helping poorer countries contend with the climate crisis.
Tuesday that the U.S. would double its financial contributions to help developing nations combat and adapt to climate change.
In 2009, at the 15th Conference of the Parties to the U.N. climate framework, the world’s richest countries promised to make $100 billion per year available to developing nations for climate action by 2020. In 2019, the most recent year for which data is available, only $79.6 billion had been provided, according toThe world’s largest economy, the U.S. also leads the world in total greenhouse gas emissions to date .
“With our added support, together with increased private capital, from other donors, we’ll be able to meet the goal of mobilizing $100 billion to support climate action in developing nations,” Biden said Tuesday. “We are seeing indeed that all countries are increasingly vulnerable to climate disruption,” Guterres said. “But the developing world is the least able to adapt and build resilience. As I mentioned, it is very important to reach 50 percent of climate finance in adaptation. And I have been asking all donors and financers to commit to that allocation.”
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