Obama’s FY2017 Budget Includes $750 Million for ‘Green Climate Fund’

In his final budget, President Obama is seeking $750 million for the Green Climate Fund – part of a $3 billion commitment which Republican lawmakers earlier vowed to block unless the U.N. climate agreement reached in Paris last December was submitted to the Senate for ratification.

 

But when Congress passed a $1.1 trillion spending bill days after the Paris deal was struck, the package neither blocked nor included funding for the GCF.

 

Asked at the time whether the administration would be able to repurpose funds for the GCF under the omnibus, White House press secretary Josh Earnest said that “based on what we have reviewed so far, there are no restrictions in our ability to make good on the president’s promise to contribute to the Green Climate Fund.”

 

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