WRITTEN BY SIMON KENT ON APR 20, 2023. POSTED IN LATEST NEWS
Biden Gifts A Billion Taxpayer Dollars To U.N.’s Green Climate Slush Fund
The U.N.’s flagship Green Climate Fund (GCF) will be $1 billion richer from Thursday after President Joe Biden gifts it a cash donation courtesy of U.S. taxpayers.
Biden will announce the billion-dollar largesse, effectively doubling the overall U.S. contribution, to the organization that finances “low-carbon and climate-resilient projects in developing countries” while leading a push away from fossil fuels. [emphasis, links added]
The announcement will be made during a virtual meeting of the Major Economies Forum on Energy and Climate (MEF).
The president will also request $500 million over five years to support anti-deforestation efforts in Brazil – though Congress often does not allocate funds that the president asks for, according to a White House fact sheet.
https://climatechangedispatch.com/biden-gifts-a-billion-taxpayer-dollars-to-u-n-s-green-climate-slush-fund/
