President Obama wants to send $750 million to developing countries as a part of the global Green Climate Fund agreed to at the Paris climate conference in December.
In the budget released Tuesday morning, the administration proposed spending $1.3 billion on the Global Climate Change Initiative. Of that money, $750 million would be for a fund proposed in the Paris Agreement to help poorer countries adapt to the challenges of climate change.
“The budget shows that the president and the administration remain focused on meeting our greatest challenges — including accelerating the pace of innovation to tackle climate change,” reads a White House fact sheet released Tuesday morning.
That fund was one of a number of proposals included in the administration’s last budget. Among previously reported proposals are a $10 tax on each barrel of crude oil, the doubling of research and development money for clean energy innovation, and billions of dollars to help fight climate change in the Arctic.
The full budget also includes the investment of $320 billion in the next 10 years on a clean transportation system that would span multiple federal agencies. While not detailing if that means high-speed rail or some other type of transportation, the White House says the proposal would cut down on the country’s reliance on oil, cut carbon pollution and help fight the effects of climate change.
“Overall, the 21st Century Clean Transportation Plan will increase American investments in clean transportation infrastructure by roughly 50 percent above current levels while reforming the transportation investments already being made to move America to more sustainable, low-carbon investments,” the fact sheet read.
The budget also includes $1.3 billion to encourage further use of solar, wind and cleaner fossil fuels such as natural gas.
The administration touted programs that its plans on investing in to better understand how a changing climate will affect the world. It also calls for “robust funding” to protect public lands and oceans.
