President Biden bragged about achieving his goal of delivering $11 billion per year in climate financing, which represents a six-fold increase since 2021.
Biden’s comments came during a historic trip to the Amazon rainforest in South America over the weekend, during which he declared “nobody” could reverse “the clean energy revolution” ongoing in the U.S.
“The fight against climate change has been a defining cause of my presidency,” Biden said Sunday. “It’s no secret that I’m leaving office in January. I will leave my successor and my country [with] a strong foundation to build on if they choose to do so.”
The U.S. saw a massive increase in climate financing under Biden. In 2021, taxpayers spent roughly $1.5 billion, while, by Biden’s final year in office, that number ballooned to $11 billion annually.
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President Biden signs a proclamation designating Nov. 17 as International Conservation Day during a tour of the Amazon rainforest in Manaus, Brazil, on Nov. 17, 2024.
Meanwhile, according to a White House fact sheet, the Biden administration also increased “U.S. adaptation finance” six-fold, to $3 billion per year. This money is aimed at helping less developed countries build resilience to the impacts of climate change.
“Folks, we don’t have to choose between the environment and the economy. You can do both,” Biden said during his address from the Amazon. “The question now is: Which government will stand in the way, and which will seize the enormous economic opportunity?”
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President Biden tours the Museu da Amazonia with his daughter, Ashley Biden, right, and granddaughter Natalie Biden, third right, in Manaus, Brazil, on Nov. 17, 2024. (Saul Loeb/AFP via Getty Images)
President-elect Trump has signaled that he would reverse many of the climate initiatives put in place under Biden. Much of those climate investments stem…
