Leahy Statement on President’s $3 Billion Climate Change Pledge Friday, November 14, 2014

WASHINGTON (FRIDAY, Nov. 14, 2014) – U.S. Senator Patrick Leahy (D-Vt.) released a statement about the announcement of President Obama’s pledge that the United States will contribute as much as $3 billion to a new international fund, the Green Climate Fund (GCF), to help the world’s poorest countries limit the impacts of climate change.  The GCF has many similarities with Global Environment Facility (GEF), which was strongly supported by the administration of President George W. Bush.  With this announcement the United States joins other nations that have already pledged financial support to the Fund, including Mexico, Korea, Germany, France, Denmark, Norway and Switzerland.  Additional countries are expected to pledge soon.  Leahy’s statement follows:

“Climate change threatens food production, the availability of water, and the survival of millions of people in countries where a rise in sea level could be catastrophic.  The commitment of up to $3 billion over the next four years to the Green Climate Fund shows that the United States is ready and willing to help lead a global effort to enable poor countries to adapt to climate change and to mitigate its causes.  I am also pleased that the White House is making it clear that other developed countries need to participate in the GCF by setting a 30 percent cap on the U.S. share of total contributions.”

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