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Green Climate Fund

All articles tagged with #green climate fund

environment2 years ago

"King Charles Urges $5 Trillion Annual Investment to Avert Climate Catastrophe at COP28"

King Charles III of Britain called for annual payments of $5 trillion to prevent a climate catastrophe during his speech at the COP 28 summit in Dubai. He emphasized the need for collaboration between public, private, philanthropic, and NGO sectors to drive climate action. Charles did not provide a breakdown of who should pay or where the funds would go, but suggested they should support sustainable projects. The U.S. pledged an additional $3 billion to the Green Climate Fund, while also committing to phasing out coal plants. Charles urged increased investment in renewable energy and expressed concern about the lack of progress in addressing climate change.

via Fox News|
#climate-catastrophe#cop-28#environment
climate-change2 years ago

"Biden-Harris Administration Urges Global Climate Action at COP28, Announces $3 Billion Pledge"

The Biden-Harris Administration is leveraging the United States' historic climate leadership to urge countries to accelerate global climate action at the 28th U.N. Climate Change Conference (COP28). They will announce new initiatives, including a $3 billion pledge to the Green Climate Fund, to galvanize global efforts to achieve a resilient, 1.5°C future. The administration's ambitious domestic climate action, including the Inflation Reduction Act and the Bipartisan Infrastructure Law, puts the U.S. on track to achieve its emissions reduction targets. They are also pursuing additional federal actions to further reduce emissions. The administration's climate agenda has stimulated clean energy manufacturing, created jobs, and attracted private investment. At COP28, they will focus on advancing domestic climate action, bolstering global climate resilience, responding to climate impacts in vulnerable countries, accelerating global climate action, mobilizing finance, and promoting women's leadership in tackling the climate crisis.

via The White House|
#biden-harris-administration#climate-action#climate-change
climate-change2 years ago

"US Commits $3 Billion to Green Climate Fund, Facing Criticism for Small Contribution"

The United States is set to announce a $3 billion contribution to the Green Climate Fund at the COP28 summit in Dubai. The fund, which is the largest international fund dedicated to climate action, already has over $20 billion in pledges. This new pledge is in addition to the $2 billion previously delivered by the United States. Vice President Kamala Harris will make the announcement on behalf of President Joe Biden, who is not attending the summit.

via Reuters|
#climate-action#climate-change#cop28
climate-change2 years ago

Yellen Calls for China's Cooperation on Climate Change and Trade

US Treasury Secretary Janet Yellen has urged China to collaborate with the United States in combating climate change, emphasizing their joint responsibility as the world's largest greenhouse gas emitters. During her visit to Beijing, Yellen called on China to support US-led initiatives like the Green Climate Fund, which aids developing nations in adapting to climate change. While China is the leading investor in solar energy and renewable technologies, its carbon dioxide emissions rose by 4% in Q1 2022. Yellen's visit aims to improve relations between the two countries, with a focus on climate cooperation and mitigating the impact on poorer nations. However, a key obstacle remains China's insistence that it is still a developing country and expects the US and Europe to bear the financial burden of the energy transition.

via BBC|
#china#climate-action#climate-change
climate-change2 years ago

"Biden's Bay Area Visit: Climate Change and Campaigning"

President Biden will announce an additional $600 million in climate spending, including $575 million to reinforce coastal infrastructure and $67 million to protect California's power grid from weather events. The funding will support innovative coastal resilience and adaptation solutions to protect communities and ecosystems from severe climate impacts. This move comes just months after the U.S. pledged another $1 billion donation to the United Nations' Green Climate Fund. Biden has made climate change a top priority throughout his administration and will hold a climate event in Palo Alto, California, before a series of 2024 campaign fundraising events.

via Fox Business|
#biden#california#climate-change
climate-change2 years ago

Biden Commits Billions to Global Climate Action in Major Economies Forum Meeting.

President Joe Biden announced plans to increase U.S. funding to help developing countries fight climate change and curb deforestation in Brazil's Amazon rainforest during a meeting with leaders from the world's largest economies. Biden urged his counterparts to be ambitious in setting goals to reduce emissions and meet a target of limiting overall global warming to 1.5 degrees Celsius. Biden announced a U.S. contribution of $1 billion to the Green Climate Fund, which finances projects on clean energy and climate change resilience in developing countries, doubling the overall U.S. contribution. He also announced plans to request $500 million over five years to contribute to the Amazon Fund, which works to combat deforestation in the Brazilian Amazon, and related activities.

via Reuters|
#amazon-fund#climate-change#emissions-reduction
environment2 years ago

"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.

via CNBC|
#amazon-deforestation#climate-change#developing-countries
climate-change2 years ago

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.

via POLITICO|
#biden#climate-change#climate-finance