At a virtual climate summit on April 22, the President of the United States joe Biden is committed to taking steps that will lead the United States on a path of a net zero net economy by 2050.
“By sustaining those investments and bringing these people to work, the United States sets a path to cut greenhouse gas emissions in half – by the end of the decade. That’s where we go as a nation, and that’s what we can do if we take action to build an economy that is not only more prosperous, but also healthier, fairer. more and cleaner for the entire planet, ”said Biden.
“You know, these steps will put America on the path of a net zero-net economy no later than 2050. But the truth is, America accounts for less than 15% of the world’s emissions. No country can deal with this crisis on its own, as I know you all understand. All of us, all of us – and especially those representing the world’s largest economies – we must push, “said the US President.
Biden notes that this summit is the first step on the road to and through Glasgow this November and the United Nations Climate Conference. “We have to move. We have to move quickly to meet these challenges. The steps our countries take from now to Glasgow will help the world succeed in protecting livelihoods around the world and keeping global warming to a maximum of 1.5 degrees Celsius. We have to be on the road right now to do that, ”he said.
Back in the first US International Climate Finance Plan, enacted on April 22, Biden explained that it gives specific steps US federal agencies will take to both increase quality. and the amount of climate finance. “And it will help us push the private sector to contribute more to climate solutions in developing countries and here at home,” he said.
The Climate Finance Plan calls for scaling up international climate finance and enhancing its impact, mobilizing international private finance, ending international formal financing for fuel-based energy fossils use a lot of carbon, making capital flows well-suited to low-emission, climate-adaptive, and the international identification, measurement, and reporting of U.S. climate finance.