Home Business For a New Global Climate Deal, All Eyes Are on COP26

For a New Global Climate Deal, All Eyes Are on COP26

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While many European countries have increased their climate aid, the U.S. hasn’t kept pace. At the UN on Sept. 21, Biden doubled the latest U.S. pledge to $11.4 billion annually beginning in 2024, but that still has to be approved by Congress, and activists argue it doesn’t come close to the U.S.’s fair share for the fund. ODI, a think tank based in London, puts that figure closer to $43 billion, based on the U.S.’s wealth, emissions and population size. The U.S. fell behind partly because former President Donald Trump temporarily pulled the U.S. out of the Paris accord.

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