Biden’s budget earmarks billions for energy … in OTHER nations!

President Joe Biden’s budget would boost international climate spending to more than $11 billion, quadrupling previous U.S. global green commitments.

The federal government would advance Biden’s so-called “historic climate finance pledge” under the plan, according to the White House budget published Monday. Overall, the budget calls for Congress to appropriate $44.9 billion to defeat the “climate crisis,” a $16.7 billion year-over-year increase.

“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,” the document stated.

An estimated $1.6 billion will be given to the international United Nations-backed Green Climate Fund (GCF) which the budget said finances “climate adaptation and mitigation projects in developing countries.” Another $3.2 billion would be loaned to the Clean Technology Fund to finance clean energy projects in developing countries. – READ MORE