Biden Pledges $1 Billion to UN Climate Fund That Funnels Millions to China- Democrat says funding will support 'developing countries in taking stronger climate action'
- President Joe Biden is pledging $1 billion in taxpayer money to a United Nations climate fund that funnels millions of dollars to China, the world's largest emitter of carbon and second-largest economy.
"Biden during a Thursday morning
speech announced the contribution to the United Nations' Green Climate Fund,
saying the money will support "developing countries in taking stronger climate action." Because the
United Nations still classifies China, despite its massive economy, as a
developing country, the communist nation receives significant
Green Climate Fund money. The fund in November 2019
pledged $100 million to create a "Green Development Fund" in Shandong, China's second most populated province...
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