“We additionally must help the nations of folks that might be hit the toughest and which have the fewest sources to assist them adapt,” Biden said, saying that spending, combined with using nonpublic funding, will bring rich nations closer to the $100 billion in local weather finance that they had promised poorter nations.

Biden had previously pledged to raise US climate finance to $5.7 billion annually by 2024; his most recent proposal puts it at $11.4 billion.

Wealthy nations have dropped by more than $20 billion and aim to deliver on a previous 2009 promise to provide poorer nations with $100 billion in annual local weather assistance, as recommended by the financial cooperation and improvement group.

Environmental and human rights activists praised Biden’s announcement, although some remarked that Obama’s budget would still far short of what the country needs and spends on other foreign policy priorities.

“What the administration has pledged up to now fails to satisfy the dimensions of the problem,”Brandon Wu

“What the administration has pledged up to now fails to satisfy the dimensions of the problem,” said Brandon Wu, head of reporting and campaigns at ActionAid USA, in a news release, citing Biden’s new pledge.

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Joe Biden

Joseph Robinette Biden Jr. is an American politician who is the 46th and current president of the United States. A member of the Democratic Party, (wikipedia)


Joe Biden 2020 presidential campaign

The 2020 presidential campaign of Joe Biden began on April 25, 2019, when Biden released a video announcing his candidacy in the 2020 Democratic party presidential primaries, (wikipedia)


2009 United Nations Climate Change Conference

The 2009 United Nations Climate Change Conference, commonly known as the Copenhagen Summit, was held at the Bella Center in Copenhagen, Denmark, between 7 and 18 December. (wikipedia)


Congress

A congress is a formal meeting of the representatives of different countries, constituent states, organizations, trade unions, political parties or other groups. (wikipedia)


2020 United States presidential election

The 2020 United States presidential election was the 59th quadrennial presidential election, held on Tuesday, November 3, 2020. (wikipedia)


2021 Leaders’ Climate Summit

The 2021 Leaders’ Climate Summit was a virtual climate summit on 22-23 of April 2021, organized by the Joe Biden administration, with leaders from various countries. (wikipedia)


Library of Congress

The Library of Congress is the research library that officially serves the United States Congress and is the de facto national library of the United States. (wikipedia)