Harris said the US would pledge another $3 billion to the Green Climate Fund – the main finance vehicle to help developing nations adapt to the climate crisis and cut fossil fuel pollution. The US has previously delivered $2 billion to the fund.
The announcement comes after the US was criticized by some climate experts and advocacy groups earlier this week for contributing what they said was an “embarrassing” amount of money – $17.5 million – to a newly created damage fund to help developing countries cope with climate disasters.
“The United States has turned ambition into action,” Harris said Saturday, touting billions of of dollars in new investments as part of the bipartisan infrastructure law and Inflation Reduction Act. Harris referenced hundreds of new and expanded solar panel, wind turbine, electric vehicle and battery manufacturing plants, and new efforts to safeguard habitats and communities from climate-fueled extreme weather and rising seas.
“Today we are demonstrating through action how the world can and must meet this crisis,” Harris said. “This is a pivotal moment.”