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Biden Brings ‘Trust Us’ Message to Skeptical UN Climate Summit

Bloomberg · Jennifer A Dlouhy, Will Kennedy · last updated

President Joe Biden can tout hundreds of billions of dollars in US government investments in domestic clean energy projects, but on international climate finance, the country still falls short.

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Related Knowledge Center: Climate diplomacy: COP 27

State of Play

The 27th Conference of the Parties (COP 27) produced a groundbreaking agreement to create a “loss and damage” fund to help developing nations cope with the impact of climate change.

But the conference, held from Nov. 6 to Nov. 20, 2022, in Sharm el-Sheik, Egypt, fell short of a hoped-for agreement to speed reductions of greenhouse gas emissions.

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