President Obama announced that the United States will
contribute $3 billion to the Green Climate Fund during the G20 Summit held in
Australia this weekend.
Yesterday WRI's climate finance experts Alex Doukas and
Athena Ballesteros blogged about how
a U.S. pledge to the Green Climate Fund would build climate action momentum.
Following is a statement by Andrew Steer, President &
CEO, World Resources Institute:
“This week has breathed new life into global climate action.
Building on the landmark US-China climate agreement, this pledge signifies that
the US is serious about delivering a global climate agreement.
“These funds provide critical support to vulnerable
communities that are unable to withstand the impacts of climate change on their
own. Further, these funds can be used to support US companies looking to expand
low-carbon opportunities overseas. The US pledge builds on earlier financial
commitments that have come under Republican and Democratic administrations
alike.
“Now, we’ll be watching to see what other major countries
like the UK and Japan do. They should join a growing body of nations, including
Germany, France, Sweden, and the Netherlands, along with emerging economies,
like Mexico and South Korea, who are contributing to a growing pot of climate
finance.
“Together these countries are setting a strong foundation
for the Green Climate Fund, which is critical to bring all parties to the table
and unlock the negotiations. Now, negotiators heading to Lima should arrive
inspired to get to work on a strong, fair and universal climate deal.”
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