Biden Pledges To Double U.S. Climate Aid. It’s Still A Fraction Of What’s Needed.
HuffPost
Even if the president persuades Congress to fund his proposal, it'll still be less per year than what the U.S. spends on a single aircraft carrier.
President Joe Biden vowed Tuesday to double U.S. spending on international climate aid to $11.4 billion per year by 2024, a move that would significantly expand the pot of money available for poorer countries to develop clean energy and adapt to the already brutal effects of warming.
The pledge, announced during the first-year president’s debut speech before the United Nations, comes almost exactly six months after Biden doubled the previous U.S. commitment to $5.6 billion.
The decision showed a clean break from former President Donald Trump, who withdrew the U.S. from the global pact to cut carbon emissions and canceled all payments to the world’s main climate aid fund. Trump’s predecessor, former President Barack Obama, had pledged $3 billion to the fund, but paid out just $1 billion before his Republican successor took office.
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