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Climate finance: USA has reached $11 billion target

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Published: November 19th, 2024,
Last updated: May 28th, 2025

Joe Biden (archive image) was able to announce a success in USA climate financing shortly before the end of his term of office.

The USA has provided over eleven billion US dollars for international climate financing in 2024. This was announced by the US administration ahead of the G20 summit in Rio de Janeiro. This makes the USA the world’s largest bilateral donor, according to a government statement. In 2021, US spending on climate financing amounted to $1.5 billion, according to the administration. Three billion US dollars would therefore flow into adaptation to the consequences of climate change. The target of a six-fold increase in these payments has therefore been achieved. The Biden administration also announced that it would provide $50 million for the Amazon Fund, which campaigns against the deforestation of the rainforest.

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Klimafinanzen