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Climate Forward: The U.S. has made big promises. Where’s the money?
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The U.S. has made big promises. Where’s the money?
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It’s easy making climate promises. It’s harder keeping them.
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Take note of the
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
$1.5 trillion spending bill
</a>
passed by the United States Congress last week. It included
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
$1 billion in climate aid
</a>
. That’s less than half of what the White House had requested and far short of the
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
$11.4 billion that President Biden promised
</a>
to deliver each year by 2024.
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On Twitter, Rachel Kyte, a veteran climate diplomat and now dean of the Fletcher School at Tufts University, called it “
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
thin climate finance gruel
</a>
.”
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The money in the spending bill is mostly meant to help poorer countries cope with the accelerating risks of global warming and transition away from fossil fuels. Mohamed Adow, an activist with Power Shift Africa, called the allocation of $1 billion “appalling.”
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“Many countries in the global south have made their climate commitments contingent on receiving substantial climate finance,” Adow said. “The U.S. failing once more to keep its finance promises will destroy any hopes that these countries may achieve their emissions reduction targets.”
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Rich, industrialized nations as a whole have fallen far short of their own promise, made over a decade ago, to raise $100 billion in climate aid every year, starting in 2020. The United States, which is
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
responsible for the largest share of greenhouse gas emissions in history
</a>
, is under particularly sharp scrutiny. It contributes less than what the
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Overseas Development Institute
</a>
, a London think tank, and many others consider its fair share.
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Extreme weather events, supercharged by climate change, are expensive. In 2012, Hurricane Sandy left $60 billion in damages. The
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
2018 wildfires
</a>
in California exacted $148.5 billion in damages, according to one peer-reviewed study.
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
That Congress set aside $1 billion for international climate finance in this year’s budget is something of a reality check on U.S. officials’ talk when it comes to climate issues. Even last week, just before Congress approved the spending package, the U.S. climate envoy, John Kerry, told members of the United Nations Security Council that there would be progress on meeting the $100 billion target.
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“It’s been a year of Secretary Kerry, President Biden and other administration officials saying, ‘The U.S. is back, we’re climate leaders,’ but there really is a lack of delivery,” said Joe Thwaites, who follows climate finance at the World Resources Institute. “Trying to lecture other countries but not being able to invest in climate action themselves is not going to go down very well.”
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
He posted an informative
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Twitter thread
</a>
on the shortfall and its implications.
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
We’re keeping an eye on what the administration asks for in its next fiscal year budget request. That could come as soon as this week.
</p>
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
The shortfall was also particularly notable as it came barely two weeks after a global panel of scientists beseeched world leaders to fund climate adaptation. The latest Intergovernmental Panel on Climate Change, in an exhaustive report published in late February,
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
concluded that the world’s poorest nations
</a>
would very likely need hundreds of billions of dollars every year in the next few decades to protect themselves from climate shocks, including the world’s big coastal cities at risk of sea level rise.
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One of the most populous and most vulnerable is Mumbai, India’s commercial capital and home to roughly 20 million people. The I.P.C.C. has warned that it could face $162 billion in damages from rising seas by 2050. This week, the city unveiled an ambitious
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
climate plan
</a>
of its own. It said it planned to get half of its electricity from renewable sources by 2030, shore up flood defenses and expand green cover to help its residents cope with heat stress.
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As if on cue, Mumbai faced an unseasonable heat wave warning, with temperatures spiking to near 104 degrees Fahrenheit, or 40 degrees Celsius, considerably above normal for mid-March.
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<span>
<span class="css-atnqj9 esd8w5v2" style="margin:0;font:normal 14px georgia,serif;color:#666">
Opponents of a proposed Rivian assembly plant at a rally for David Perdue, a Republican candidate for governor, in Rutledge, Ga.
</span>
<span class="css-hpkdsj esd8w5v3" style="margin:0;font:normal 11px georgia,serif;padding-left:5px;color:#888;letter-spacing:.01em">
Matthew Odom for The New York Times
</span>
</span>
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<h2 style="color:#000;font:400 25px/32.5px georgia,serif;margin:0 0 10px">
Essential news
</h2>
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
Threats and conspiracy theories in Georgia:
</span>
An electric truck factory that promised thousands of green jobs in the state quickly became a
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
political lightning rod
</a>
.
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
Post office gas guzzlers:
</span>
Democrats are seeking an investigation into a plan to purchase up to 165,000
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
gasoline-powered mail trucks instead of electric models
</a>
.
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
Living off the grid:
</span>
Citing blackouts, wildfires and high electricity rates, some Californians are building
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
homes that run entirely on solar panels and batteries
</a>
.
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
Aboard Endurance:
</span>
Ernest Shackleton’s ship, resting at the bottom of the Weddell Sea off Antarctica, is now populated by a
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
weird and wonderful array of deep-sea creatures
</a>
.
</p>
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
A presidential election in France:
</span>
The first round is less than a month away, and the country appears to care about green causes. But
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
not about its Green Party
</a>
.
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
The case for induction cooking:
</span>
As the perils of gas become more apparent, more cooks are turning to
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
flameless, easy-to-clean ranges
</a>
.
</p>
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<p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit">
Reminder: This newsletter will soon be just for Times subscribers.
</span>
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Your access to the Climate Forward newsletter ends in March.
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Subscribe now to keep receiving it
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and to enjoy all the benefits of being a Times subscriber.
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<h2 style="color:#000;font:400 25px/32.5px georgia,serif;margin:0 0 10px">
Other stuff we’re following
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<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
U.S. financial regulators want to
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
require public companies to disclose greenhouse gas emissions
</a>
, The Washington Post reported.
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
An Australian court has overturned a ruling that required the government to weigh the effects of emissions on children when
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
approving coal projects
</a>
, CNN reported.
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
Fast Company wrote about how the 1970s oil crisis helped make
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Copenhagen a city of bicycles
</a>
.
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
Foreign Policy is covering negotiations this week for a
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
global agreement to protect the high seas
</a>
, the part of the ocean that lies beyond national boundaries.
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
From The New York Times Magazine: Global warming is killing the Marshall Islands.
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Who will decide if the nation survives
</a>
?
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px;vertical-align:middle">
Looking for love? You’d better care about climate change. A lack of concern is the
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
biggest deal-breaker on the dating app OKCupid
</a>
, according to The Hill.
</span>
</li>
</ul>
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<img class="css-zh06no e1e3sevz0" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2022%252F03%252F09%252Fclimate%252F09cli-trees1-newsletter%252F09cli-trees1-articleLarge.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSJ9:1nUe0V:HXC1O-gbAVZQTYhv7vmX9X4o0WtHoiXTjKSs61iw6-c" style="display:block;width:100%;height:auto;padding-top:10px"/>
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<span>
<span class="css-atnqj9 esd8w5v2" style="margin:0;font:normal 14px georgia,serif;color:#666">
The California Conservation Corps planting trees in Modesto, Calif. Researchers say it is increasingly urgent to factor biodiversity into restoration efforts.
</span>
<span class="css-hpkdsj esd8w5v3" style="margin:0;font:normal 11px georgia,serif;padding-left:5px;color:#888;letter-spacing:.01em">
Josh Haner/The New York Times
</span>
</span>
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<h2 style="color:#000;font:400 25px/32.5px georgia,serif;margin:0 0 10px">
Before you go: Not all tree planting helps the planet
</h2>
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As the climate crisis deepens, businesses and consumers are joining nonprofit groups and governments in a global tree planting boom. These efforts can be a triple win, providing livelihoods, absorbing and locking away planet-warming carbon dioxide, and improving the health of ecosystems. But when done poorly, the projects can worsen the very problems they were meant to solve. To find out how, you can
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The Friday climate newsletter described incorrectly the influence of Lois Gibbs on United States environmental policy. While her work to draw attention to a toxic waste dump in Niagara Falls, N.Y., helped lead to the creation of the Superfund program, it did not lead to the creation of the Environmental Protection Agency. (The E.P.A. had already been established at the time of her campaign against the waste dump.) It also stated incorrectly the given name of Chandra Bocci’s son. He is Zasper, not Vesper.
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3 years ago - nytdirect@nytimes.com
Climate Forward: The U.S. has made big promises. Where’s the money?
The latest U.S. spending bill has far less money for poor countries than the president had pledge...