Biden announced new plans to fight climate change, including pledging $500 million to help Brazil’s efforts to end deforestation of the Amazon rainforest, and he called on other countries to “step up our ambitions” to stave off devastating global warming.
, both of which he signed into law, as measures that would help the United States meet its goals. Through those laws, the country was investing billions to scale-up clean energy technologies and bolstering the electric vehicle industry, he said.Biden said he would request funds to contribute $500 million over the next five years to the Amazon Fund, Brazil’s effort to end deforestation by 2030.
The meeting Thursday morning was the fourth time the MEF has convened during Biden’s time in office. The group was launched in 2009 and now includes 26 major economies, including Argentina, Australia, Brazil, Canada, Chile, China, Egypt, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Nigeria, Norway, Russia, Saudi Arabia, South Africa, Turkey, the United Arab Emirates, the United Kingdom and the United States.
“We’re at a moment of great peril, but also great possibilities, serious possibilities,” Biden said. “With the right commitment and follow-through from every nation in this room and on this call, a goal of limiting warming to 1.5 degrees can stay within reach. But it’s going to take all of us — not just one of us, not some of us, that meet the moment. All of us, all of us have to be engaged.”
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