Obama Pledges $3 Billion for World Climate
The White House announced today that President Obama is going to pledge $3 billion to the U.N.’s Green Climate Fund, throwing down another gauntlet at the GOP just three days after his joint announcement with Chinese President Xi Jinping that the U.S. and China will pursue new emissions reduction goals.
The Green Climate Fund is intended to provide assistance for developing nations in mitigating their carbon emissions and preparing for the effects of climate change like rising sea levels. It has thus far been severely underfunded. Some developed nations made pledges at the U.N. Climate Summit in September, and the U.S. clearly needed to step up.
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