Joe Biden tells world leaders U.S. will cut emissions by up to 52% by 2030

U.S. announces increased climate financing for developing countries

U.S. President Joe Biden announced that the U.S. would cut its greenhouse gas emissions by 50-52% by 2030 relative to 2005 levels in a clean break with Trump administration policies on climate action. Mr. Biden also announced that the U.S. would double, by 2024, its annual financing commitments to developing countries including a tripling of its adaptation finance by 2024. The President made the new target announcements at a ‘Leaders Summit on Climate’ , which he is hosting on Thursday and Friday, – including , and Vladimir Putin on Russia. The emissions targets – part of the Paris Agreement on climate - are non-binding and the details of how they will be achieved are not available. However, in announcing the targets, the Biden administration is hoping to encourage other countries to increase their commitments. It is also seeking to bring America back into a leadership role on climate action after Mr Trump had withdrawn the country from the Paris Agreement.