The United States is to "double" its contribution to international climate financing towards the goal of mobilising $100 billion for vulnerable nations, US President Joe Biden has told the United Nations General Assembly.
"This will make the United States a leader in public climate finance," Mr Biden told world leaders in New York, saying he would work with Congress to achieve the goal."Strongly welcome @POTUS further doubling climate finance commitment to over $11bn by 2024," said British politician Alok Sharma, who will preside over COP26.
The accord calls for public, multilateral and private financing of $100bn a year from 2020-2025 to assist poor nations already coping with floods, heatwaves, rising seas and superstorms made worse by climate change. "Climate vulnerable nations - particularly low- and middle-income countries - are already reeling from an unprecedented onslaught of climate-related disasters and desperately need financial support to adapt and build resilience to worsening impacts."
That's terrific news; is Biden's new best chum Johnson going to reverse his manifesto-busting overseas aid cuts in a spirit of friendly rivalry...
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