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WASHINGTON, DC – League of Conservation Voters (LCV) President Gene Karpinski released this statement on reports that President Obama will announce a $3 billion contribution to the Green Climate Fund at the G20 Summit this weekend. This commitment builds on past financial commitments made by both Democratic and Republican administrations and helps protect vulnerable communities from climate change’s impacts and provides a key opportunity for U.S. clean energy businesses looking to expand overseas.
“This is a huge week for U.S. climate leadership. The Obama administration’s historic agreement with China and now this major financial commitment to help address the climate crisis builds momentum toward a global climate deal in Paris at the end of next year. It’s clear that the time to act is now, and the public strongly supports action on climate change.”