President Joe Biden is making an urgent appeal to fellow world leaders to surge money to developing nations to curb climate change as he wraps up his final appearance at a major international summit. He announced on Tuesday a $325 million contribution to help developing countries move away from climate-damaging fossil fuels.
U.S. President Joe Biden , Indian Prime Minister Narendra Modi, Canada’s Prime Minister Justin Trudeau and Indian Prime Minister Narendra Modi react, as world leaders gather for a group photo during the G20 summit in Rio de Janeiro, Brazil , Tuesday, Nov. 19, 2024. Canada’s Prime Minister Justin Trudeau, from left, U.S. President Joe Biden and India’s Prime Minister Narendra Modi gather for a G20 Summit world leaders’ group photo, in Rio de Janeiro, Tuesday, Nov. 19, 2024.
“We need to continue to give breathing space to countries that are weighed down by debt,” Biden said, adding, “We as leaders need to find ways to flow money into their economies.″Biden seeks nearly $100 billion in emergency disaster aid after Hurricanes Helene and MiltonHis administration used an event at the summit hosted by Britain and Brazil to roll out a new U.S. $325 million contribution to the World Bank to help developing countries move away from climate-damaging fossil fuels.
“It’s true, some may seek to deny or delay the clean energy revolution that’s underway in America,” Biden said over the weekend from a podium set up on a sandy forest bed. “But nobody, nobody can reverse it, nobody — not when so many people, regardless of party or politics, are enjoying its benefits.”
Among the pledges and new programming announced by the White House are a three-year, $4 billion pledge to the International Development Association, the arm of the World Bank that supports the poorest and most vulnerable countries, and a new Brazil-U.S. partnership aimed at improving coordination on clean energy production and supply chain development.
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