U.S. commits $100bn a year by 2020 to fight climate change in developing countries

Yesterday, the US announced that by 2020, they would invest $100 billion per year to help developing countries fight climate change.

India and the US committed themselves to the new agreement in a joint statement, which took place during the Second India-US Strategic and Commercial Dialogue in New Delhi.

Both countries also re-announced their commitment to ratify the Paris Agreement.

Within the statement, the two nations “reiterated their commitment to pursue low greenhouse gas emission development strategies in the pre-2020 period and to develop long-term low greenhouse gas emission development strategies.”

Read the ClimateAction story - “US commit $100bn per year by 2020 to fight climate change in developing countries.”