iNDICA NEWS BUREAU-
U.S. President Joe Biden announced major climate initiatives on Sunday, November 17, in a bid to fight against climate change.
President Biden, who is in Brazil to attend the G20 Summit scheduled to be held on Monday, November 18, in Rio De Janeiro, visited the Amazon rainforest on Sunday and became the first sitting U.S. president to do so.
Addressing the press after his visit, Biden promised an additional 50 million dollars as a contribution to the Amazon Fund. The U.S. has previously contributed 50 million dollars.
During the address, Biden stated that fighting climate change has been a “defining cause” of his administration and made four key announcements to tackle it. He announced that the U.S. development finance corporation will mobilize hundreds of dollars in partnership with a Brazilian company to reforest the Amazon.
He also promised restoration and a bioeconomy finance coalition to mobilize at least 10 billion dollars by 2030 to restore and protect 20, 000 square miles of land in Brazil.
Moreover, he stated that the U.S. will provide funding to help launch Brazillian President Lula’s important new initiative ‘The Tropical Forest Forever Fund’.
“It is in the interest of all of us,” he said. Biden added that U.S. benefits from it as much as any other country does here, including Brazil.
President Biden outlined that the fight to protect the planet is “literally” a fight for humanity for generations to come.
“I will leave my successor and my country with a strong foundation to build on if they choose to do so. It’s true some may seek to deny and delay the green energy revolution that is underway in America, but nobody can reverse it,” he added.
President Biden’s announcement comes with only days left before President-elect Trump takes over the position in January 2025, following his win in the recent presidential polls. During his first administration as President of the U.S., Trump was neither vocal, nor very supportive towards climate causes.
Trump won a second term as President of the United States after defeating Democratic rival Kamala Harris. Following his victory, President-elect Donald Trump has moved swiftly with finalizing his foreign policy and national security team ahead of his formal inauguration in January 2025.
