Biden pledges $1bn to UN climate fund and implores world leaders to act

Biden pledges $1bn to the UN-led Green Climate Fund and $500mn to fight deforestation in the Amazon rainforest. He calls on banks to scale up lending to tackle climate change and poverty. China's climate envoy joins the forum.

April 20, 2023 . 11:18 PM

1 min read

Biden pledges $1bn in new US funding to the UN-led Green Climate Fund to help developing countries cope with climate change.
Separately, Biden promises $500mn over five years for a fund to tackle deforestation in the Amazon rainforest.
Biden calls on multilateral development banks to scale up their lending to tackle climate change and accelerate the fight against poverty.
China's climate envoy, Xie Zhenhua, joins the Major Economies Forum on energy and climate.
More than 25 countries taking part in the forum account for 80% of the world's greenhouse gas emissions.