Biden’s funding for UN green energy projects

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Global Courant 2023-05-02 20:00:27

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FIRST ON FOX: A Republican legislator is introducing legislation on Tuesday that would prohibit the federal government from making voluntary contributions to the United Nations Green Climate Fund.

Rep. Bob Good, R-Va., a member of the House Budget Committee, wrote the bill — the No Taxpayer Funding for United Nations Green Climate Fund Act — in an effort to limit the extent to which U.S. taxpayers fund global green energy projects. The so-called Green Climate Fund was established in 2010 to help channel funds from Western countries to developing countries for climate technology.

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“No taxpayer, in Virginia’s Fifth District or across the country, should foot the bill for the United Nations’ radical and unscientific climate agenda,” Good told Fox News Digital.

“The Biden administration’s $1 billion pledge to the Green Climate Fund will only undermine the American economy and our energy independence in the name of climate alarmism,” the Virginia Republican added.

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WASHINGTON, DC – MARCH 10: Rep. Bob Goods (R-VA) speaks at a news conference with the House Freedom Caucus regarding the debt limit negotiations at the US Capitol Building on March 10, 2023 in Washington, DC. Members of the caucus held the press conference to say they would consider voting to raise the debt ceiling in exchange for passing legislation that would “shrink Washington” and reduce government spending to before 2020 and the Covid-19 pandemic . (Photo by Anna Moneymaker/Getty Images) (Anna Moneymaker/Getty Images)

On April 20, President Biden announced that his administration would donate $1 billion to the Green Climate Fund, which he said was “critical” to helping poorer countries develop green energy projects and avert climate change. The president also requested $500 million for an Amazon rainforest recovery fund and called on world leaders to join international climate efforts.

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“As major economies and major emitters, we need to strengthen and support these economies,” Biden remarked April 20 at the virtual Major Economies Forum on Energy and Climate. “So today I’m pleased to announce that the United States will be donating $1 billion to the Green Climate Fund, a fund that is critical in helping developing countries that they can’t.” now.”

“But it shouldn’t be the only way,” he continued. “Together we must also strengthen the role of multilateral development banks in the fight against the climate crisis, starting with the World Bank. Because climate security, energy security, food security, they are all connected. They are all connected.”

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Biden first announced his intention to increase US contributions to the Green Climate Fund early in his presidency. Speaking to the United Nations in New York City in 2021, he raised the overall annual funding target to more than $11 billion. His government hopes to reach that annual figure in 2024.

President Biden addresses the United Nations General Assembly on September 21, 2021. He announced his intention to double U.S. international climate funding “to help developing countries address the climate crisis.” (Eduardo Munoz/pool photo via AP)

The budgets proposed by the president have also routinely called for billions of dollars for “international climate aid and financing”.

Former President Barack Obama pledged $3 billion to the Green Climate Fund shortly after its inception. However, his administration fell far short of that goal. The fund was originally designed to give $100 billion to developing countries by 2020, but has instead raised a small portion of that amount.

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And former President Donald Trump completely backed out of international climate finance deals, explaining they would cost taxpayers an “enormous fortune”.

“Of course the world’s biggest polluters have no positive obligations under the Green Fund, which we ended,” Trump noted in June 2017, shortly after taking office. “America is $20 trillion in debt. Cities that are short of cash can’t hire enough police officers or repair vital infrastructure.”

“Millions of our citizens are out of work,” he continued. “And yet, under the Paris Agreement, billions of dollars that should be invested here in America will be sent to the countries that took our factories and our jobs from us. So think about that.”

Thomas Catenacci is a political writer for Fox News Digital.

Biden’s funding for UN green energy projects

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