US Makes First Promised Payment Of $500M To United Nations’ National Green Climate Fund

TN Note: In November 2014, Obama addressed the University of Queensland in Brisbane, Australia and stated, “We are going to contribute $3 billion to the Green Climate Fund so we can help developing nations deal with climate change.” Sen. Jim Inhofe (R-OK) released a statement soon thereafter,

“President Obama’s pledge to give unelected bureaucrats at the U.N. $3 billion for climate change initiatives is an unfortunate decision to not listen to voters in this most recent election cycle. His climate change spending priorities, estimated to be $120 billion since the beginning of his administration, were on the ballot, and Americans spoke. The President’s climate change agenda has only siphoned precious taxpayer dollars away from the real problems facing the American people.”

The United States has paid $500 million into the United Nations’ Green Climate Fund, the first tranche of the $3 billion it pledged as part of the commitments it made in the December Paris Climate Agreement, the State Department confirmed Monday.

“This grant is the first step toward meeting the president’s commitment of $3 billion to the GCF, and shows that the United States stands squarely behind our international climate commitments,” a State Department spokesman said.

The United States in 2014 pledged $3 billion for the GCF, to be used by poor and climate-vulnerable countries for transformational projects to adopt cleaner energy technologies and build their resistance against the impact of climate change.

But the ability of the United States to deliver the funds had been in doubt because Republican members of Congress had threatened to block federal funds for climate aid as part of their efforts to undermine U.S. participation in the Paris agreement. They said Congress first needs to scrutinize details of the accord before it releases funds.

But lawmakers did not block the funds in December after they wrapped up a sprawling budget deal to keep the U.S. government operating through next September.

U.S. officials has said the United States is committed to meeting its international commitments on climate change, even after the Supreme Court last month froze the centerpiece of the country’s climate change strategy, the Clean Power Plan.

Read full story here…

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Judy Cross

Canada with only about 11% of US population and a very generous with OPM, Prime Ministe gave $2.65 Billion to the Bankster IMF’s Green Climate Fund. To add insult to injury, it was in US$.

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