Top Posts
African climate change projects secure major funding
Former French PM urges China, Europe to unite...
NDDC, FOSDO launch tree-planting campaign to address climate...
WHO unveils an ambitious blueprint for action on...
New report shows nearly 900 million poor people...
Lagos to Host 2025 International Climate Change Summit
New study shows overheating world will add 57...
NAICOM urges W’African insurers to invest in climate...
Climate change: Nigeria, development partners launch Net Zero...
Nigeria launches net zero project to fight climate...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

Biden to announce funds to tackle climate change

by Arinze Chijioke April 20, 2023
written by Arinze Chijioke April 20, 2023
634

Latest reports suggest that U.S President, Joe Biden will announce plans to increase the country’s funding to help developing countries fight climate change and curb deforestation in Brazil’s Amazon rainforest during a meeting on Thursday with leaders from the world’s largest economies.

Countries and entities that make up the Major Economies Forum include Argentina, Australia, Canada, Chile, China, Egypt, the European Commission, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Nigeria, Norway, Saudi Arabia, Turkey, United Arab Emirates, the United Kingdom, and Vietnam.

Biden is expected to convene a virtual meeting of the Major Economies Forum on Energy and Climate as part of his efforts to galvanize support for measures to fight global warming. This is the fourth meeting of the group under his presidency.

The president will announce 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, the White House said.

He will also announce 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. A senior administration official said Biden’s team would have to work with Congress to secure that funding.

According to available reports, the countries that take part in the forum account for about 80% of the world’s greenhouse gas emissions and global gross domestic product.

Read also: Scientists say Britons who keep gardens green should get council tax cut

Biden has set a goal of reducing U.S. emissions by 50%-52% by 2030 compared with 2005 levels and has said developed countries need to help developing nations tackle the problem. He is said to have who has made fighting climate change one of his top policy priorities.

This month for instance, Biden’s Environmental Protection Agency proposed sweeping emission cuts for new cars and trucks through 2032 in an effort to boost electric vehicles. Biden will encourage leaders from the group to join a collective effort to spur zero-emission vehicles, the White House said, and to reduce emissions from the shipping and power industries.

Story was adapted from Reuters.

BidenClimate changeFightFunds
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
Scientists say Britons who keep gardens green should get council tax cut
next post
Use energy productively, REA urges Nigerians

Related Posts

Former French PM urges China, Europe to unite...

October 22, 2025

WHO unveils an ambitious blueprint for action on...

October 20, 2025

New report shows nearly 900 million poor people...

October 20, 2025

New study shows overheating world will add 57...

October 16, 2025

Heaviest monsoon in a decade kills 458 people...

October 9, 2025

Council releases first fully electric bin lorry

October 9, 2025

Study shows US asthma inhalers produce same emissions...

October 7, 2025

Pope Leo hits out at climate change critics

October 3, 2025

Protesters seek $5tr payment from fossil fuel companies

October 1, 2025

UN official says climate change displaces up to...

September 30, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World