The Biden administration announced a $1 billion commitment to the U.N. Green Climate Fund (GCF). This newest package will increase the total American backing of the GCF to $2 billion.
The U.N. intends the GCF as an organization to encourage green energy use in the developing world. By the U.N.’s definition, China is a developing nation in this context.
Money doesn't grow on trees, Joe.
This reckless spending will have a direct impact on American families' budgets.
Biden owes the American people an explanation: How is he paying for his Green New Deal agenda? Where's all this money coming from? https://t.co/1emfbBMprS
— Rick Scott (@SenRickScott) April 21, 2023
President Biden made the commitment during the Thursday Major Economies Forum on Energy and Climate (MEF).
This week, the White House announced an American commitment to cutting carbon emissions by half by the end of the decade.
It also announced a further $500 million for the Amazon Fund and invited “other countries to join the United States and others in fully leveraging the multilateral development banks to better address global challenges, like climate change.”
The most recent announcement came five months after a similar $1 billion commitment to global climate agreements.
The latest climate moves in Washington coincide with significant green energy concerns within the United States. One includes potential public funding for a proposed Michigan electric vehicle battery plant being proposed by a subsidiary of a Chinese company.
Several Democrats in Washington, including Rep. Alexandria Ocasio-Cortez (D-NY) introduced a renewed Green New Deal proposal that would completely change the American economy to meet environmental goals.
Activists have also used concern about global warming for a number of protests, including the potential harm to property. One Boston protest saw air removed from the tires of a number of SUVs.
This most recent round of spending is the latest in a number of foreign aid or related projects announced by the Biden White House. Biden recently announced a new $325 million military equipment package for Ukraine.
The increased spending has caught the ire of a number of conservatives in Congress. This week, 19 Republican lawmakers signed a letter to the president, calling for the end of what they described as “unrestrained” aid for the eastern European country.