The United States has launched a new $50 billion global climate initiative aimed at cutting carbon emissions, promoting renewable energy, and supporting developing nations in climate adaptation. The plan, announced by President Joe Biden, focuses on partnerships with countries across Asia, Africa, and Latin America to promote sustainable technologies.
The fund will assist developing economies in transitioning from fossil fuels to green energy, with India, Indonesia, and Kenya expected to be key beneficiaries. Experts say this move strengthens U.S. leadership in climate diplomacy, especially ahead of the COP30 Summit scheduled in Brazil next year.
Climate analysts praised the initiative as a “decisive move” toward global collaboration, though some critics questioned whether the U.S. would meet its own carbon reduction targets by 2030.