Biden Gives $1 Billion in Taxpayer Money to United Nations’ ‘Green Climate Fund’

Democrat President Joe Biden has gifted the United Nations $1 billion in U.S. taxpayer money for its flagship “Green Climate Fund.”

Biden announced the huge largesse during Thursday’s virtual meeting of the Major Economies Forum on Energy and Climate (MEF).

The billion-dollar gift effectively doubles the overall U.S. contribution to the radical organization.

The Green Climate Fund (GCF) finances “low-carbon and climate-resilient projects in developing countries” while leading a push away from fossil fuels.

The president will also request $500 million over five years to support anti-deforestation efforts in Brazil.

However, according to a White House fact sheet, Congress often does not allocate funds that the president asks for.

The GCF was established as part of the 2009 U.N. agreement reached in Copenhagen.

It is supposed to distribute $100 billion per year to poor countries under the guise of funding various emissions reduction initiatives.

The GCF also hands out vast sums of cash to nations as “compensation” for alleged climate-related damages.

Meanwhile, Biden is also planning to renew his call for a global push toward electric vehicles (EVs).

The president will prioritize the collective goal of ensuring EVs make up 50 percent of sales of light-duty vehicles and 30 percent of medium-duty vehicles by 2030, Reuters reports.

Biden has already set a domestic goal of making expensive electric vehicles account for 50 percent of new car sales by 2030.

A recently proposed climate regulation from the Environmental Protection Agency (EPA) may be even more ambitious, however.

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The agency projects it could result in making 60 percent of new light-duty cars electric in the model year 2030.

READ MORE: NYC to Impose Restrictions on Public Meat Consumption to Fight ‘Climate Change’

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By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

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