Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Joe Biden Pledges To Double US Climate Change Aid, Some Activists Unimpressed

Joe Biden Pledges To Double US Climate Change Aid, Some Activists Unimpressed

Some groups welcomed the new pledge but others were less impressed by Joe Biden's speech, including Swedish activist Greta Thunberg.
US President Joe Biden told the United Nations General Assembly on Tuesday he would work with Congress to double funds by 2024 to $11.4 billion per year to help developing nations deal with climate change.

The funding would help achieve a global goal set more than a decade ago of $100 billion per year to support climate action in vulnerable countries by 2020.

"The best part is, making these ambitious investments isn't just good climate policy, it's a chance for each of our countries to invest in ourselves and our own future," Mr Biden told the annual gathering of world leaders. Mr Biden made the commitment less than six weeks before the Oct 31-Nov 12 COP26 Climate Change Conference in Glasgow, Scotland.

Core elements of his climate change agenda remain tied to the fate of infrastructure and budget legislation under intense negotiation in Congress, raising the risk that he could arrive at the summit empty handed. The host of the conference, British Prime Minister Boris Johnson, said that meeting the climate finance target is key to building trust between developing and developed nations ahead of new negotiations since developed countries have failed to mobilise the $100 billion per year pledge by the original goal year of 2020. Developing countries have been urging industrialised nations to offer financial assistance to help them both rapidly adopt clean energy technologies enabling them to avoid the use of fossil fuels and bolster their defences against the impacts of climate change from sea level rise to extreme heat. Some environmental groups welcomed the new pledge as a much needed boost for the Paris climate agreement ahead of November's summit in Scotland but others were less impressed by Mr Biden's speech, including Swedish activist Greta Thunberg.

"President Biden's commitment to scaling up international climate finance to $11.4 billion per year by 2024 is a welcome and much-needed sign that the United States is finally taking its global climate responsibilities seriously," said Rachel Cleetus, policy director at the Union of Concerned Scientists. But as the world's second biggest greenhouse gas emitter, other campaigners said the pledge still falls short. "The US is still woefully short of what it owes and this needs to be increased urgently," said Mohamed Adow, director of Power Shift Africa.

Greta Thunberg criticised climate speeches and pledges at the UN as hollow. "It's quite easy to understand why the world's top emitters of CO2 and the biggest producers of fossil fuels want to make it seem like they're taking sufficient climate action with fancy speeches. The fact that they still get away with it is another matter," she wrote on Twitter.

Mr Johnson and European Commission President Ursula van der Leyen called out the United States on Monday for lagging behind on delivering its share. An analysis by the World Resources Institute shows that even with the US increasing its climate aid commitment to $11.4 billion by 2024, it pales in comparison to the $24.5 billion that the EU spent on climate aid in 2019. Another report released last week - ahead of the Joe Biden announcement - by the Organisation for Economic Cooperation and Development said that overall, rich countries fell short of the $100 billion goal, contributing just $79.6 billion in 2019.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
JD Vance Warns Europe Faces “Civilizational Suicide” Over Open Borders and Speech Limits
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
Trump Administration Finalizes Broad Tariff Increases on Global Trade Partners
JD.com Launches €2.2 Billion Bid for German Electronics Retailer Ceconomy
Azerbaijan Proceeds with Plan to Legalise Casinos on Artificial Islands
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
House Republicans Move to Defund OECD Over Global Tax Dispute
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
Intel Reports Revenue Beats but Sees 81% Rise in Losses
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
CEO Resigns Amid Controversy Over Relationship with HR Executive
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
Tulsi Gabbard Unveils Evidence Alleging Political Manipulation of Intelligence During Trump Administration
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Trump Announces Coca-Cola to Shift to Cane Sugar in U.S. Production
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Air India Pilot’s Mental Health Records Under Scrutiny
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
Moonshot AI Unveils Kimi K2: A New Open-Source AI Model
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Proposes Supplying Arms to Ukraine Through NATO Allies
US Opens First Rare Earth Mine in Over 70 Years in Wyoming
Bitcoin Reaches New Milestone of $116,000
Severe Heatwave Claims 2,300 Lives Across Europe
Declining Beer Consumption Signals Cultural Shift in Germany
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
×