Via The Hill:
In a victory for the Obama administration, the spending package released by congressional leaders on Wednesday won’t block American financial contributions to an international climate fund for poorer nations.
The bill, greens and Democrats say, doesn’t explicitly appropriate funding for President Obama’s pledged contribution to the Green Climate Fund (GCF). But since the legislation doesn’t formally block money for the GCF either, Obama is expected to be able to use current discretionary funding streams to send American money to it.
The GFC is a pot of public and private money designed to help poorer nations prepare for climate change. Obama pledged last year to spend $3 billion on the fund by 2020, and he asked Congress to appropriate up to $500 million for it in 2016.
Keep on reading…
No comments:
Post a Comment