“President Barack Obama will announce a $3 billion U.S. contribution to an international fund to help poor countries cope with the effects of climate change, an administration official said on Friday.
The large size of the contribution took climate policy watchers by surprise and doubles what other countries had previously pledged ahead of a Nov. 20 deadline. It would be the second major move on climate change taken by Obama after big Democratic losses in last week’s midterm elections.
Obama is expected to announce the pledge at this weekend’s meeting of G-20 industrial nations in Australia.
The Green Climate Fund will work with private sector investment and help spur global markets in clean energy technologies, creating opportunities for entrepreneurs and manufacturers including those from the United States.“* Cenk Uygur, John Iadarola (TYT University), Dave Rubin (Rubin Report) and Jimmy Dore (The Jimmy Dore Show) break it down.
*Read more here:
http://www.reuters.com/article/2014/11/14/us-usa-climatechange-obama-idUSKCN0IY1LD20141114