“I am proud to announce our new $3 billion support for the fund that helps developing countries build clean energy sources and green investments,” Harris said at the meeting, which was organized with a record number of participants this year. The US Vice President stressed this
We have reached a turning point where our joint action, or worse, our joint inaction, will have critical consequences for the lives of billions of people for decades.
The United States last provided $3 billion to the Green Climate Fund in 2014, during Barack Obama’s presidency. With the new American contribution, if the Washington Congress also approves it, The United States will be the first country whose aid reaches six billion dollars. Meanwhile, Great Britain ($5.1 billion), Germany ($4.9 billion), and France ($4.6 billion) still contribute higher amounts to the Green Climate Fund in proportion to their populations.
The fund, which has been operating since 2010, has received more than four billion dollars in contributions so far, and countries have provided about $13.5 billion. According to United Nations estimates, this amount is only a small part of the approximately $250 billion that developing countries will need annually by 2030. In order to adapt to the warm climate.
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