Days after his party suffered a body blow in the U.S. midterm elections, President Barack Obama seems intent on avoiding lame-duck status.
Multiple news outlets are reporting that Obama will pledge $3 billion to the Green Climate Fund, a resource pool for projects that contribute to the goals of the United Nations Framework Convention on Climate Change, during his trip to Brisbane, Australia, this weekend for the summit of G-20 leaders.
An official GCF pledge meeting will take place in Berlin on Thursday, formally concluding the fund’s initial resource mobilization process. But significant commitments have already started rolling in, including during September’s U.N. General Assembly and climate summit in New York; more are expected in the coming days.
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About the author
Michael Igoe@AlterIgoe
Michael Igoe is a Senior Reporter with Devex, based in Washington, D.C. He covers U.S. foreign aid, global health, climate change, and development finance. Prior to joining Devex, Michael researched water management and climate change adaptation in post-Soviet Central Asia, where he also wrote for EurasiaNet. Michael earned his bachelor's degree from Bowdoin College, where he majored in Russian, and his master’s degree from the University of Montana, where he studied international conservation and development.
