"Biden commits $500 million to combat Amazon deforestation pending Congressional approval"

President Joe Biden has pledged $500 million over five years to reduce deforestation in Brazil's Amazon rainforest and $1 billion to the Green Climate Fund to help developing countries combat climate change. The funding would make the US one of the biggest contributors to the Amazon Fund and double the country's overall contribution to the Green Climate Fund. However, the investment would require Congressional approval. The Biden administration aims to cut greenhouse gas emissions in half by 2030 and has urged developed countries to provide international climate assistance to poorer nations.