USA pledges three billion dollars for green climate fund
The GCF is one of the most important instruments of international climate financing. The fund is intended to support climate protection and adaptation to climate impacts in developing countries. The industrialized countries had actually pledged 100 billion dollars per year for these goals from 2020, some of which will flow into the GCF. According to preliminary estimates, the sum was reached for the first time in 2022 and is expected to be reached in 2023.
Harris pointed out that the USA had massively increased its climate protection efforts since President Joe Biden took office. "Today, we are showing through action how the world can and must confront the climate crisis," she said during the summit segment of the heads of state and government in Dubai. Harris referred to the rapidly progressing expansion of wind and solar energy in the USA and a reduction in CO2 emissions.
Biden had originally wanted to travel to the climate conference himself, but was then represented by Harris. The Vice President called on the international community to make additional efforts to limit global warming to 1.5 degrees. "We must do more to keep 1.5 degrees within reach," she said. Now is the time to make sure this happens.
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- At the climate conference in Dubai, Joe Biden's representative, Vice President Kamala Harris, announced that the USA is contributing an additional $3 billion to the Green Climate Fund.
- With this pledge, the USA further strengthens its commitment to the fight against environmental degradation, following three years of intensified green efforts under President Biden.
- The Three billion Dollar contribution is a significant boost to the global climate fund, which aims to support developing countries in their efforts to combat climate change and adapt to its impacts.
- This increase in funding comes as preliminary estimates suggest that the industrialized nations have finally surpassed their annual $100 billion commitment to climate finance, with the target being reached in 2022 and expected to be sustained in 2023.
- During her speech at Dubai's climate conference, Vice President Harris encouraged other nations to follow suit, highlighting the urgency to limit global warming to 1.5 degrees Celsius and emphasizing that now is the time to act.
- Biden's vice president, Harris, represented the United States at the conference, expressing the American government's intention to promote climate action, eager to Forge ahead with the USA's and the global community's duty to tackle climate change, as demonstrated at the UN climate conference in Dubai's Green Climate Fund.
Source: www.stern.de
