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Congress Poised to Torpedo Biden's Climate Finance Commitment

Bloomberg · Jennifer A Dlouhy · last updated

The US president promised $11.4 billion in annual international climate finance, but Congress is set to deliver less than a tenth of that.

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Related Knowledge Center: Climate legislation

State of Play

The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.

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