President Joe Biden is calling for $1.6 billion next fiscal year for the international Green Climate Fund, a U.S. payment to help climate and clean energy efforts by poorer developing nations that was zeroed out during the Trump administration.
The Green Climate Fund remains “a critical multilateral tool for financing climate adaptation and mitigation projects in developing countries,” according to the fiscal 2023 budget request. Biden’s budget requests $11 billion in total international climate finance to meet his pledge to quadruple international climate finance and accelerate the global transition to net zero greenhouse gas emissions by 2050.
The $1.6 billion ...
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