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4 climate finance priorities for the Biden administration


): These United Nations entities support climate science and international negotiations, respectively. The United States provides around two-fifths of the IPCC s total budget and one-fifth of the UNFCCC s. The 2021 bill maintained funding at the same level as last year, but this amount is less than the $10 million previously provided under Obama.
The US should take a fresh look at multilateral climate institutions.
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Hard work by many members of Congress ensured overall U.S. climate finance did not significantly decline during the Trump administration. But as other countries have continued to scale up their funding, the U.S. has fallen down the rankings. The Biden administration must make up for lost time by rapidly scaling up climate funding and restoring the country to a leading role. ....

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