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Biden will convene a virtual meeting of the Major Economies
Forum on Energy and Climate as part of his efforts to galvanize
support for measures to fight global warming. It is the fourth
meeting of the group under his presidency.
The countries that take part in the forum account for about 80%
of the world's greenhouse gas emissions and global gross
domestic product, according to the White House.
The president will announce a U.S. contribution of $1 billion to
the Green Climate Fund, which finances projects on clean energy
and climate change resilience in developing countries, doubling
the overall U.S. contribution, the White House said.
He will also announce plans to request $500 million over five
years to contribute to the Amazon Fund, which works to combat
deforestation in the Brazilian Amazon, and related activities. A
senior administration official said Biden's team would have to
work with Congress to secure that funding.
Biden, who has made fighting climate change one of his top
policy priorities, has set a goal of reducing U.S. emissions
50%-52% by 2030 compared with 2005 levels and has said developed
countries need to help developing nations tackle the problem.
This month, Biden's Environmental Protection Agency proposed
sweeping emission cuts for new cars and trucks through 2032 in
an effort to boost electric vehicles. Biden will encourage
leaders from the group to join a collective effort to spur
zero-emission vehicles, the White House said, and to reduce
emissions from the shipping and power industries.
Countries and entities that make up the Major Economies Forum
include Argentina, Australia, Canada, Chile, China, Egypt, the
European Commission, France, Germany, India, Indonesia, Italy,
Japan, South Korea, Mexico, Nigeria, Norway, Saudi Arabia,
Turkey, United Arab Emirates, the United Kingdom, and Vietnam.
(Reporting by Jeff Mason; Editing by Robert Birsel)
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