Vice President Kamala Harris announced new funding for climate action on Saturday at the COP28 summit in Dubai, where she touted American leadership on the climate crisis, including its recent investments in clean energy and efforts to make vulnerable communities more resilient to worsening climate disasters.
Harris said the US would pledge another $3 billion to the Green Climate Fund – the main finance vehicle to help developing nations adapt to the climate crisis and cut fossil fuel pollution. The US has previously delivered $2 billion to the fund.
The announcement comes after the US was criticized by some climate experts and advocacy groups earlier this week for contributing what they said was an “embarrassing” amount of money – $17.5 million – to a newly created damage fund to help developing countries cope with climate disasters.
“The United States has turned ambition into action,” Harris said Saturday, touting billions of dollars in new investments as part of the bipartisan infrastructure law and Inflation Reduction Act.
US officials also announced the Environmental Protection Agency finalized a rule that is expected to slash methane emissions by nearly 80% from the oil and gas industry.
Credit: cnn.com
