US donates billions of dollars to Green Climate Fund

The USA wants to pay $3 billion to the Green Climate Fund (GCF). Vice President Kamala Harris announced this in her speech at the UN climate conference in Dubai on Saturday. This is the first U.S. contribution to the fund since 2014.

GCF is one of the most important instruments of international climate finance. The aim of the fund is to support climate protection and adaptation to climate impacts in developing countries. Industrialized countries had actually committed $100 billion per year to these goals starting in 2020, and some of this amount will be transferred to the GCF. According to preliminary estimates, this amount was reached for the first time in 2022 and is expected to be reached in 2023.

Harris noted that the United States has greatly increased climate protection efforts since President Joe Biden took office. “Today we are showing through action how the world can and must address the climate crisis,” he said during a summit of heads of state and government in Dubai. Harris pointed out the rapid spread of wind and solar energy in the USA and the decrease in CO2 emissions.

Biden initially wanted to go to the climate conference himself but was later represented by Harris. The Vice President called on the international community to make additional efforts to limit global warming to 1.5 degrees. “We need to do more to keep 1.5 degrees achievable,” he said. Now is the time to make sure of this.

(APA/AFP)

Source: Vienna

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