Investment plan

US launches $ 4 billion climate change investment plan with 75 partners – Biden

The United States has launched a $ 4 billion investment plan with its 75 partners to fight climate change, US President Joe Biden announced on Tuesday.

WASHINGTON (UrduPoint News / Sputnik – November 02, 2021) The United States and its 75 partners have launched a $ 4 billion investment plan to fight climate change, US President Joe Biden announced on Tuesday.

“Today, with 75 partners, we will launch an initial investment of $ 4 billion in the world. The United States plans to mobilize one billion of that four billion over the next five years, and I invite you all to join us, “said the president at the United Nations climate change conference in Glasgow.

Biden promised that the United States would lead by example and share with the world its “tremendous powers of innovation.”

From October 31 to November 12, world leaders including Biden are attending COP26 in Glasgow to address climate change issues.

The United States returned to the Paris Climate Agreement in February shortly after Biden became President of the United States. Biden had pledged to double the nationally determined contribution announced under former President Barack Obama, equivalent to a reduction of up to 28% in U.S. emissions by 2025.

In April, Biden announced that the United States would cut greenhouse gas emissions in half by 2030 as part of its new commitment to the Paris Climate Agreement from which his predecessor Donald Trump withdrew. countries in 2017.


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