Global Courant 2023-04-20 18:09:07
President Biden donates $1 billion to the United Nations Green Climate Fund.
The president confirmed the financial commitment in a White House message announcing a Thursday meeting of the Major Economies Forum on Energy and Climate (MEF).
“At today’s meeting, the president will highlight the new steps the United States is taking to meet its ambitious 1.5°C target to reduce emissions by 50-52 percent by 2030,” the White House wrote in a statement. press statement.
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President Biden speaks during a visit to the Cummins Power Generation facility in Fridley, Minnesota. (Stephen Ripen/Getty Images)
The statement continued: “The president will also announce important new steps the United States is taking to support developing countries in taking stronger climate action – including providing $1 billion to the Green Climate Fund and asking for $500 million for the Amazon Fund and related activities – and invite other countries to join the United States and others in making full use of multilateral development banks to better address global challenges such as climate change.”
The MEF plans to address several key facets of Biden’s environmental plan, including efforts to curb deforestation in the Amazon and moving toward zero-emission vehicles by 2030.
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President Biden addresses the Major Economies Forum on Energy and Climate from the South Court Auditorium of the Eisenhower Executive Office Building, next to the White House, in Washington, DC, June 17, 2022. (MANDEL NGAN/AFP via Getty Images)
The Biden administration outlined four main topics of the meeting: “Energy Decarbonization,” “Ending the Deforestation of the Amazon and Other Critical Forests,” “Tackling Potent Non-CO2 Climate Pollutants,” and “Accelerating Carbon Capture and Removal Technologies.”
The MEF is an international body of state leaders intended to facilitate open dialogue on environmental issues in the context of economic growth.
“In addition to collaborating on new joint efforts, leaders are expected to announce other new steps their countries are taking to meet their Nationally Determined Contributions under the Paris Agreement,” the White House said.
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“The president will encourage those countries whose 2030 Paris targets are not yet aligned with keeping 1.5°C in range to strengthen their targets by November COP 28 in Dubai,” the statement said.
The group has met regularly since its inception in 2009.
Former President Obama hosted the body’s first preparatory meeting in Washington, DC
Fox News’ Brooke Singman contributed to this report.
Timothy Nerozzi is a writer for Fox News Digital. You can follow him on Twitter @timothynerozzi and email him at [email protected]
