As stated in the $5.7 trillion White House budget that was put out on Monday, President Joe Biden is trying to give out over $11 billion in spending for the climate abroad in other countries.
This proposal, which crops up a few weeks in the wake of Congress finally approving the $1.5 trillion omnibus spending bill for the remainder of the year, would slate $44.9 billion “to tackle the climate crisis.” Such an idea would end up spawning a $16.7 billion spike from 2021 spending on the climate.
In one section of the new budget entitled “Restoring America’s Global Climate Leadership,” the White House sounds the call for well over $11 billion “in international climate finance,” which would in effect quadruple overall spending on the global scale.
“U.S. international climate assistance and financing would: accelerate the global energy transition to net-zero emissions by 2050; help developing countries build resilience to the growing impacts of climate change; and support the implementation of the President’s Plan to Conserve Global Forests: Critical Carbon Sinks,” stated the proposal.
Just about $1.6 billion would be slated to go to the Green Climate Fund, which is officially backed by the United Nations (U.N.) and shows support for “climate adaptation and mitigation projects in developing countries.” This budget plan would also allow a $3.2 billion loan to be handed over to the Clean Technology Fund, which as stated on its website, maintains $5.3 billion in order to give resources to more developing countries “to scale up low carbon technologies with significant potential for long-term greenhouse gas emissions savings.”
One former George W. Bush administration staffer in the Senate Environment and Public Works Committee who heads up the website Climate Depot, Marc Morano, stated that handing over billions ot the U.N. fund is equivalent to just paying the various leaders of developing nations to keep their people in a poor state.
“The U.N. can be expected to give the most money to those leaders of countries willing to keep their citizens locked in backbreaking poverty,” stated Morano, who is the author of the book “Green Fraud: Why the Green New Deal Is Even Worse Than You Think.” “And forget cheap reliable fossil fuels for the nations in the developing world who need it most, as the U.S. will be imposing only ‘green’ energy on those most in desperate need of energy.”
White House officials have not given more information on the matter.
Currently, the president’s 2023 plan for green energy also seeks to decrease “reliance on producers of non-renewable resources.”