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.