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Obama announces $3 billion contribution to Green Climate Fund

U.S. President Barack Obama speaks at the University of Queensland in Brisbane on Saturday.   | Photo Credit: Pablo Martinez Monsivais

U.S. President Barack Obama on Saturday formally announced a $3-billion U.S. contribution to an international fund to help poor countries cope with the effects of climate change.

“Today, I’m announcing that the United States will take another important step. We will contribute $3 billion to the Green Climate Fund to help developing nations deal with climate change,” he said in a speech at Queensland University in Brisbane, where he is attending the G20 meeting.

The contribution doubles what other countries had previously pledged ahead of a November 20, 2014 deadline.

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Printable version | Nov 24, 2020 2:51:45 PM | https://www.thehindu.com/news/international/world/obama-announces-3-billion-contribution-to-green-climate-fund/article6601824.ece

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