Biden's Climate Commitments: $1B to International Fund, UN's Green Climate Fund, and Amazon Deforestation Fight.

President Joe Biden pledged $1 billion to the Green Climate Fund, bringing the US contribution to $2 billion, still short of Obama's initial $3 billion promise. Biden also announced a new "Methane Finance Sprint" to raise at least $200 million and requested $500 million over five years from Congress for the Amazon Fund. Biden aims to deliver $11 billion in climate finance annually by 2024 and reshape multilateral development banks to fight climate change.