President Biden boasted of meeting his goal of providing $11 billion a year in climate funding, a six-fold increase starting in 2021.
Biden's comments came during a historic trip to South America's Amazon rainforest over the weekend, during which he declared that “no one” can reverse the “clean energy revolution” underway in the United States.
“Fighting climate change is the defining cause of my presidency,” Biden said Sunday. “It is no secret that I will resign in January. I will leave my successor and my homeland.” [with] It's a strong foundation they can build on if they choose to do so. ”
The United States has seen a significant increase in climate funding under the Biden administration. Taxpayers spent about $1.5 billion in 2021, but that number ballooned to $11 billion a year in the final year of Biden's term.
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On November 17, 2024, President Biden signed a proclamation declaring November 17 as the International Day of Conservation of Nature while touring the Amazon rainforest in Manaus, Brazil.
meanwhile, According to a White House fact sheet: The Biden administration has also increased the U.S. Adaptation Fund sixfold to $3 billion annually. This funding aims to help least developed countries build resilience to the impacts of climate change.
“Folks, you don't have to choose between the environment and the economy. You can do both,” Biden said in a speech from the Amazon. “The question now is which government will stand in the way and which will seize the huge economic opportunity.”
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President Biden tours the Amazon Museum with his daughter Ashley Biden (right) and granddaughter Natalie Biden (third from right) in Manaus, Brazil, on November 17, 2024. (Saul Loeb/AFP via Getty Images)
President-elect Trump has signaled that he intends to roll back many of the climate change initiatives introduced under the Biden administration. Many of these climate investments are driven by executive rulemaking and the Biden administration's passage of three major pieces of legislation addressing climate change: the CHIPS Act, the Bipartisan Infrastructure Act, and the Suppressing Inflation Act. It's emitting.
Meanwhile, President Trump called climate change a “hoax” and derided the Biden administration's focus on climate funding as “another green scam.”
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The future president has signaled he intends to repeal many of the green energy initiatives included in Biden's Inflation Control Act, while during the presidential campaign he announced that some of the huge spending included in Biden's CHIPS Act He also said, “I'm not impressed.'' Helps combat climate change.
But while President Trump may be able to influence some changes regarding the government's climate investments, efforts to recover unspent funds from these major bills will ultimately require Congressional approval. .
President Biden will meet with President-elect Trump in the Oval Office of the White House on November 13, 2024. (Saul Loeb/AFP via Getty Images)
Over the weekend, President Trump nominated Chris Wright, CEO of a Denver-based fracking company, to lead the Department of Energy. If confirmed, Wright would lead efforts to restore climate funding allocated under the Biden administration.
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Following news of his nomination, Wright said, “My dedication to improving human life is unwavering, with a focus on making America's energy more affordable, reliable, and secure.” I said this on X (old Twitter). “Energy is the lifeblood that makes everything in life possible. Energy is important. I'm looking forward to getting to work.”
