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Biden’s Budget Earmarks BILLIONS For Energy Projects … In Other Countries
President Joe Biden’s budget would boost international climate spending to more than $11 billion, quadrupling previous U.S. global green commitments.The federal government would advance Biden’s so-called “historic climate finance pledge” under the plan, according to the White House budget published Monday. Overall, the budget calls for Congress to appropriate $44.9 billion to defeat the “climate crisis,” a $16.7 billion year-over-year increase.
An estimated $1.6 billion will be given to the international United Nations-backed Green Climate Fund (GCF) which the budget said finances “climate adaptation and mitigation projects in developing countries.” Another $3.2 billion would be loaned to the Clean Technology Fund to finance clean energy projects in developing countries.
Biden’s budget further vowed to decrease global “reliance on producers of nonrenewable resources.” (RELATED: Developing Nations Demand More Than $1 Trillion Per Year From West To Combat Climate Change)
Biden’s Budget Earmarks BILLIONS For Energy Projects … In Other Countries
President Joe Biden's budget would boost international climate spending to more than $11 billion, quadrupling previous U.S. global green commitments.
dailycaller.com