Posted on 01/17/2017 3:23:21 PM PST by BenLurkin
That’s on top of another $500 million transferred last March, meaning the United States has now sent $1 billion to the fund, or a third of the president’s pledge.
“The Green Climate Fund is a critical tool that helps catalyze billions of dollars in public and private investment in countries dealing not only with the challenges of climate change, but the immense economic opportunities that are embedded in the transition to a lower carbon economy,” said Department spokesman John Kirby at a press briefing Tuesday.
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Kirby said in a statement that the funds came from a 2016 appropriation for the agency’s Economic Support Fund. This $4.3 billion fund contains some dollars earmarked for specific programs and other dollars that are not officially allocated — the current monies came from the latter.
By the year 2020, under the 2009 Copenhagen accord, developed nations are supposed to be allocating $100 billion annually on climate-change aid to poorer, developing nations, money to be used for clean energy projects and climate change adaptation measures, among other expenditures. Much, but not all of this money is intended to be distributed through the Green Climate Fund, which has already raised $10 billion so far.
The broader idea of wealthier nations helping poorer ones adapt to a changing planet, and to transition their energy systems, was a fundamental component of bringing all nations on board to the agreement, and environmental groups hailed the move Tuesday.
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At the State Department press briefing, when asked about the timing of the release of the funds, Kirby said that “this is an investment that had been long-planned. I don’t — I don’t believe there was any nefarious desire or intent to do it just two days before [the inauguration].”
(Excerpt) Read more at washingtonpost.com ...
Yep. Same as the multi billion dollars he gave to Iran.
I can’t believe Washington lets him get away with this crap. Does he have personal keys to the vault?
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