US President Joe Biden announces 3 billion against the effects of climate change at COP26
Following Donald Trump’s withdrawal from the Paris Climate Agreement, the US President emphasizes that his country has “returned to the table” of climate negotiations.
President of the United States, Joe Biden, has stated that the world is facing a “decisive decade” because the world has “limited time” to act against climate change and that his country “is here,” despite internal disagreements about his country’s ambition to invest billions of dollars in renewable energy.
“The science is undeniable. Before we boost our aspirations, we only have a little window of opportunity “In his statement at the opening of the 26th Conference of the Parties to the UN Framework Convention on Climate Change, which is being held in Glasgow, President Barack Obama said: (United Kingdom).
As a result, he emphasized that his country has “returned to the table” of climate negotiations, following his predecessor, Donald Trump’s, withdrawal from the Paris Climate Agreement.
Providing financial assistance to countries in need
As a result, he has proposed allocating $3 billion annually starting in 2024 to vulnerable countries to assist them adapt to increasing sea levels, droughts, floods, and other effects of global warming.
This money might come from the $11.4 billion guaranteed by Biden for annual climate funding in 2024, which is still subject to annual congressional approval. In any event, Bloomberg notes that it is the first time he has put a price tag on the adaptation effort, which is especially important for island governments and other vulnerable countries.
Last week, the president of the United States announced his country’s largest-ever investment to cut greenhouse gas emissions by one gigatonne by 2030, despite the fact that it is only a draft plan at the national level after months of negotiations.
In 1997, the United States stalled approval of the Kyoto Protocol.
In reality, the United States Senate halted ratification of the Kyoto Protocol (the first global deal to limit CO2 emissions) in 1997 and backed Trump’s decision to pull out of the Paris Agreement.
Prior to COP26, however, Biden stated that “the United States will show the world that it is not only back at the negotiating table, but ideally leading by example.”
“I know that hasn’t been the case, which is why my administration is working tirelessly to demonstrate that our commitment to climate change is based on action, not words,” argued Biden, who recognizes that “there is no more time to sit on the fence or to argue between one and the other.”
Trump walked away from the Paris Agreement.
He has argued that rising energy prices simply highlight the need to diversify electricity sources and deploy new clean energy technology in this manner.
As a result, Obama has vowed to increase climate finance in order to decrease greenhouse gas emissions, and he has stated that the US will make “additional announcements” on forests, agriculture, and methane during COP26.
“God save the earth,” Biden closed his statement at the high-level summit, in which he called for “pardon” for the United States’ withdrawal from the Paris Agreement during the Trump administration.
Article Author Gerluxe