News Flash
MANAUS, Brazil, Nov 17, 2024 (BSS/AFP) - President Joe Biden is using a
historic trip to the Amazon on Sunday to highlight that US bilateral climate
financing increased to $11 billion this year, meeting a pledge he made.
"The fight against climate change has been a defining cause of President
Biden's leadership and presidency," the White House said in a statement ahead
of Biden touching down in the Brazilian city of Manaus, in the Amazon.
Biden is making his last swing through South America before handing over the
presidency to Donald Trump -- a climate-change skeptic.
The first sitting US president to make a trip to the vast tropical
rainforest, Biden is to meet with Brazilian Indigenous leaders and sign a
declaration making November 17 an International Conservation Day.
The White House announcement of the $11 billion figure said that made "the
United States the largest bilateral provider of climate finance in the
world."
It said the amount was six times what the US was providing at the start of
Biden's term, in 2021.
The European Union, however, remains the biggest global contributor to
climate financing.
Around half of all climate financing goes through multilateral funds that are
co-managed by developing countries. That has spurred criticism of the US
preference for bilateral funding.
Rich nations raised $116 billion in 2022 in climate finance, according to the
latest available data from the OECD.
According to one study by British think tank ODI, the United States ranked
second to last among 23 nations for progress toward providing a "fair share"
of climate financing, based on their carbon footprint, population size and
gross national income.
Biden's Amazon stop is being squeezed between an APEC summit he attended in
Peru, and a G20 summit in Rio de Janeiro he will take part in that starts
Monday.
Climate will be one of the topics on the G20 table, as negotiations taking
place the same time at a UN climate summit in Azerbaijan appeared to stall.