Note to Obama: Stop giving away OUR money.
Via Politico:
The administration will pledge $3 billion to help poor countries adapt to the effects of global warming, a White House official said Friday — the second high-profile announcement on climate change to come this week during President Barack Obama’s trip abroad.
The promised money for a multibillion-dollar Green Climate Fund will lend momentum to Obama’s hopes for reaching an international climate change agreement next year.
“It is in our national interest to help vulnerable countries to build resilience to climate change,” the White House official said. “More resilient communities are less likely to descend into instability or conflict in the aftermath of extreme climate events, needing more costly interventions to restore stability and rebuild. Building resilience also helps safeguard our investments in many areas, including food security, health, education and economic growth.”
The upcoming announcement will be timed to coincide with this weekend’s G20 summit in Australia. It comes just days before a Nov. 20 Green Climate Fund pledging conference in Berlin.