The White House announced $1 billion in U.S. support for the United Nations’ Green Climate Fund (GCF) Thursday, ahead of a meeting of the Major Economies Forum on Energy and Climate (MEF).
The new U.S. contributions will bring its total investment in the GCF, a U.N. project that promotes green technologies, particularly in developing nations, to $2 billion, according to a White House fact sheet President Biden will also request an additional $500 million from Congress to support the Amazon Fund — an anti-deforestation fund managed by the Brazilian Development Bank to protect the Amazon Rainforest — and promote a variety of green technologies, including carbon capture.
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