Biden's Global Climate Finance Pledge Likened to 'Throwing Droplets at a Fire'

President Joe Biden announced Tuesday that he intends to work with Congress to double U.S. climate aid to developing countries, a commitment that environmentalists said is a step in the right direction but still woefully inadequate to the scale of the planetary crisis. 'Biden's climate finance pledge today is extraordinarily insufficient.' Biden's pledge came during his address to the United Nations General Assembly in New York, where the U.S.

4 billion annually by 2024, up from the administration's previous meager commitment of $5.7 billion. 'Biden's international climate finance announcement might seem ambitious given the paralyzing politics in Washington and a Congress still awash in fossil fuel money,' said Orenstein. 'However, the climate pollution the U.S. has produced is already causing suffering around the world.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SingularityDAO, SelfKey and Cogito Finance Token-Holders Approve Merger to Form Singularity FinanceCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Rich nations' fight over climate finance 'humiliating': Bangladesh's YunusThe comments illustrate the frustration of developing countries seeking substantially more money from rich nations to help them adapt to climate shocks and transition to cleaner energy.
Source: trtworld - 🏆 101. / 63 Read more »

COP29 Begins With Climate Finance, Absent Leaders, and Trump Looming LargeThe annual UN climate summit has kicked off in Baku, Azerbaijan, with lofty goals, but many global leaders missing.
Source: WIRED - 🏆 555. / 51 Read more »

Explainer-Why are countries fighting over climate finance at COP29?Explainer-Why are countries fighting over climate finance at COP29?
Source: Investingcom - 🏆 450. / 53 Read more »

Exclusive-ADB increases climate finance after US, Japan give world's first sovereign guaranteesExclusive-ADB increases climate finance after US, Japan give world's first sovereign guarantees
Source: Investingcom - 🏆 450. / 53 Read more »

Climate Campaigners Demand COP29 Free of 'False' Finance SolutionsJulia Conley is a staff writer for Common Dreams.
Source: commondreams - 🏆 530. / 51 Read more »