27 Apr International Climate Finance Plan of the US
(GS PAPER-2, DIPLOMACY
SOURCE- THE HINDU)
Context:
Recently the President of the US has announced the country’s new Finance Plan at the Leader’s Summit on Climate. This Summit was hosted by the USA.
Background:
At present The United States is the world’s second-leading emitter after China. Now The country will have to contribute a sum of 800 billion USD as its share in international climate finance.
Highlights of the plan:
- The US has set a target to reduce its emissions by 50% to 52% as compared to 2005 levels.
- The US will double its climate funding by 2024. It is to triple its climate funding eventually.
- The United States Agency for International Development (USAID) will release a new Climate Change Strategy in the coming November at the COP26.
Download Daily Current Affairs of 27 April 2021
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