Tag Archives: COP27

Biden Administration, Climate Action, Climate Change

FACT SHEET: Biden-⁠Harris Administration Announces Roadmap for Nature-Based Solutions to Fight Climate Change, Strengthen Communities, and Support Local Economies

The Biden-Harris Administration at COP27 in Egypt released the Nature-Based Solutions Roadmap, an outline of strategic recommendations to put America on a path that will unlock the full potential of nature-based solutions to address climate change, nature loss, and inequity. This marks the first time the U.S. has developed a strategy to scale up nature-based solutions. Examples include protection or conservation of natural areas- such as Acadia National Park in Maine – reforestation, restoration of marshes or other habitats, or sustainable management of farms, fisheries, or forests. These actions can increase resilience to threats like flooding and extreme heat, and can slow climate change by capturing and storing carbon dioxide. Nature-based solutions play a critical role in the economy, national security, human health, equity, and the fight against climate change. © Karen Rubin/news-photos-features.com

New actions and recommendations announced at COP27 will make nature-based solutions a go-to option for fighting climate change and boost progress towards U.S. climate goals. The White House provided this fact sheet:

The Biden-Harris Administration at COP27 in Egypt released the Nature-Based Solutions Roadmap, an outline of strategic recommendations to put America on a path that will unlock the full potential of nature-based solutions to address climate change, nature loss, and inequity. This marks the first time the U.S. has developed a strategy to scale up nature-based solutions.

To demonstrate how the U.S. is already taking action, the Administration also announced new and recent interagency commitments aligned with the roadmap including: agency actions to ensure over $25 billion in infrastructure and climate funding can support nature-based solutions; a new guide for bringing the power of nature to maximize the value and resilience of military bases; and a new technical working group to better account for nature-based options in benefit cost analysis – a powerful tool for federal decisions.

Nature-based solutions are actions to protect, sustainably manage, or restore natural or modified ecosystems as solutions to societal challenges, like fighting climate change. Examples include protection or conservation of natural areas, reforestation, restoration of marshes or other habitats, or sustainable management of farms, fisheries, or forests. These actions can increase resilience to threats like flooding and extreme heat, and can slow climate change by capturing and storing carbon dioxide. Nature-based solutions play a critical role in the economy, national security, human health, equity, and the fight against climate change.

John Podesta, Senior Advisor to the President for Clean Energy Innovation and Implementation, and chair of President Biden’s National Climate Task Force, unveiled the roadmap at the opening of the U.S. Center at United Nations Framework Convention on Climate Change’s Conference of the Parties (COP27). Mr. Podesta encouraged other nations to join the U.S. by taking bold action to invest in nature and its many benefits.  

On Earth Day 2022, President Biden issued Executive Order 14072, which recognizes the importance of forests and other nature-based solutions to tackle the climate crisis and strengthen communities and local economies. In the Executive Order, President Biden directed the Council on Environmental Quality, the Office of Science and Technology Policy, and the National Climate Advisor, in consultation with agencies, to identify key opportunities for greater deployment of nature-based solutions across the Federal government. The Roadmap submitted to the National Climate Task Force today calls on expanding the use of nature-based solutions and outlines five strategic areas of focus for the federal government: (1) updating policies, (2) unlocking funding, (3) leading with federal facilities and assets, (4) training the nature-based solutions workforce, and (5) prioritizing research, innovation, knowledge, and adaptive learning that will advance nature-based solutions.

This work builds on President Biden’s climate leadership. The Administration is already advancing nature-based solutions in support of the President’s commitment to reduce greenhouse gas emissions 50-52% below 2005 levels in 2030, to conserve at least 30% of U.S. lands and waters by 2030, and to increase community resilience to extreme weather and other climate impacts. The new Nature Based Solutions Roadmap will help the Administration seize additional opportunities; key recommendations and related new and recent agency commitments are below.

The Biden-Harris Administration also released a companion resource guide with examples of nature-based climate solutions and over 150 resources to spur action. The Nature-Based Solutions Resource Guide: Compendium of Federal Examples, Guidance, Resource Documents, Tools and Technical Assistance is available here.  

NATURE-BASED SOLUTIONS ROADMAP: FIVE STRATEGIC AREAS FOR ACTION

  1. Update Policies to Accelerate Nature-Based Solutions

The roadmap recommends that agencies update federal policies and guidance, making it easier to consider and adopt nature-based solutions. Major areas for advancement include policies and guidance for federal planning, permitting, cost-sharing, risk management, and benefit cost analysis. Aligned Administration actions include:

  • Guidance on valuing nature: Current federal policies and guidance on accounting and analysis can under-value nature-based solutions. The Office of Management and Budget (OMB) is reviewing central guidance on benefit cost analysis (Circulars A-4 and A-94) to help federal agencies more fully account for the value of nature in regulatory and funding decisions. Today, the White House is standing up a new technical working group on Frontiers of Benefit Cost Analysis to support agencies in benefit cost analysis for nature-based solutions and other analysis needs. This is coupled with the developing National Strategy for a system of natural capital accounts, which will place nature on the nation’s balance sheet and allow regular tracking of the economic benefits that investments in nature-based solutions provide.
  • Nature-based solutions in floodplain management: The Federal Emergency Management Agency (FEMA) is revising its floodplain management requirements to require consideration of nature-based solutions as alternatives for all projects that have the potential to affect floodplains or wetlands. This action is in response to Executive Order 13690, which established the Federal Flood Risk Management Standard that requires federal agencies to amend their floodplain policies to consider the use of nature-based solutions. Interim program policies are underway.
     
  1. Unlock Funding for Nature-Based Solutions

Federal funding for domestic and international projects can provide a strong lever to increase deployment of nature-based solutions. The roadmap recommends that Federal agencies do more to prioritize nature-based solutions in funding decisions; increase and ease access to this funding; and catalyze private investment. Actions by the Administration to unlock funding include:

  • Supporting nature-based solutions in hazard mitigation: FEMA’s Building Resilient Infrastructure and Communities (BRIC) grant program already prioritizes nature-based solutions in its project scoring criteria. Last month, FEMA announced a new effort that will reduce the burden of applying for BRIC funding for disadvantaged communities, and that may make it easier for projects with nature-based solutions to access funding. This effort reduced the discount rate from 7% to 3% for these communities on some projects in FY 2022.
  • Combining solar energy and nature-based solutions: The Department of Energy Solar Energy Technology Office (SETO) is investing in combined development of ground mounted solar systems and pollinator habitat. In fiscal year 2022, SETO selected projects worth $14 million for Deploying Solar with Wildlife and Ecosystem Services Benefits, developing innovative strategies that maximize benefits and minimize impacts to wildlife and ecosystems from solar energy infrastructure.
     
  1. Lead with Federal Facilities and Assets

The roadmap recommends that federal agencies expand their use of nature-based solutions in the design, retrofitting, and management of federal facilities and embed these solutions in management of natural assets through improved planning, co-management, and co-stewardship. Given the scale of federal assets, expanding deployment of nature-based solutions would have direct climate and conservation benefits and send a strong signal to others. Administration actions include:

  • Guide on nature-based solutions for military installations: The Department of Defense is developing a guide on nature-based solutions for Military Installation natural resources management planning. The guide will provide military installation planners and managers with current and actionable information on the appropriate use of nature-based solutions; the current state of science and observed performance reliability; and other considerations regarding design, cost and benefits, implementation, and operations and maintenance. Preliminary guidance will be published in March 2023, with the full technical guide expected by March 2024.
  • Nature-based solutions for energy, the economy and national security: In October, 2022, the Department of Energy launched Sustainable Climate-Ready Sites (SCRS), a site performance rating system. The program challenges DOE sites to apply innovative nature-based solutions as they manage 2.4 million acres of land and carry out their missions. SCRS performance criteria include environmental justice and cultural resource protection, emphasizing collaboration and engagement with communities and Tribal nations. Annual leadership awards will be given to personnel at participating sites that achieve top SCRS category scores.
     
  1. Train the Nature-Based Solutions Workforce

We need a diverse, equitable workforce skilled in building nature-based solutions. To reach this goal, the roadmap recommends that agencies expand educational and workforce training offerings related to nature-based solutions to support good jobs in federal agencies and the private sector. These needs apply across a wide range of skills including engineering, law, finance, ecology, accounting, economics, community planning and maintenance for nature-based solutions. Administration actions include:

  • Growing awareness of how nature-based solutions benefit households: The Department of the Treasury’s Financial Literacy Education Commission (FLEC) is producing a series of reports entitled How Climate Challenges American Household Finances. One report in the series will address housing, and FLEC will include ways that nature-based solutions can provide benefits to households through housing and landscaping options. The report will be released in 2023.
     
  1. Prioritize Research, Innovation, Knowledge, and Adaptive Learning

As the world changes, we must continually innovate and fill gaps in our understanding. The roadmap recommends that federal agencies advance research and innovation in all sectors to fully reveal the scale of the opportunity that nature-based solutions provide, and incentivize continual learning about how and where nature-based solutions work best. Administration actions include:

  • Synthesizing what we know about nature-based solutions effectiveness: Nature-based solutions have been evaluated in different ways by different experts and sectors, making it difficult to see the big picture of what we now about where and how these solutions provide benefits. Today, the U.S. Global Change Research Program (USGCRP) is announcing a study to synthesize this multi-disciplinary evidence base, and evaluate the effectiveness of nature-based solutions for climate mitigation, adaptation and other benefits. An initial database of evaluations will be made public in 2023 and the analysis will be available by 2024.
  • National summit on measuring nature-based solutions: The USACE will host a National Summit on Measuring What Matters at the National Academies of Sciences, Engineering, and Medicine in Washington D.C. on November 30, 2022. At the public Summit, the USACE Engineering with Nature Program will share the results of a two-year project focused on approaches for advancing comprehensive benefit evaluation for nature-based solutions and other projects. 

 
BUILDING ON THE BIPARTISAN INFRASTRUCTURE LAW AND INFLATION REDUCTION ACT
 
The roadmap and aligned actions build on major investments made through President Biden’s Bipartisan Infrastructure Law and Inflation Reduction Act. These laws made unprecedented investments in nature-based solutions, placing forests, agricultural lands and coastal wetlands front and center in the climate fight. For example, $20 billion is directed to farmers, ranchers, and private forest owners working to increase carbon storage and reduce emissions. Another $5 billion is for forest management actions that can reduce wildfire risk, store carbon, and cool communities. These laws also weave nature into infrastructure investments. Over $8.7 billion will build climate resilience into transportation systems from the ground up. Another $8.6 billion will restore and conserve coastal habitats, investments that will buffer communities from storms and boost local economies. Several agencies are  acting to leverage recent laws and appropriations towards nature-based solutions, including:

  • Increasing carbon stored in wetlands and grasslands: The Inflation Reduction Act provides additional funding for the U.S. Department of Agriculture, Natural Resource Conservation Service (NRCS) conservation programs, including the Agricultural Conservation Easement Program (ACEP). In FY23, this funding will be targeted to improve climate and environmental outcomes. The programs will prioritize conservation and restoration of carbon rich wetlands and conservation of grasslands that are at risk of losing carbon and habitat through conversion to more intensive agriculture.
     
  • Promote resilient housing: The Department of Housing and Urban Development (HUD), through the new Green Resilient Retrofit Program, is administering $837.5 million in grant funds and $4 billion in loan authority provided through the Inflation Reduction Act. This program provides grants that include nature-based solutions to improve energy efficiency, water efficiency, and climate resilience. HUD will ensure the program promotes nature-based solutions as effective investments to improve a properties’ climate resilience. HUD will encourage owners to implement the nature-based solution recommendations, where appropriate and feasible. Additional technical assistance will be offered with this program to aid communities in exploring nature-based solutions.
     
  • Protecting watersheds and communities with nature-based solutions: The Bipartisan Infrastructure Law includes more than $23 billion in supplemental funds to EPA’s Clean Water and Drinking Water State Revolving Funds and nearly $1.9 billion to EPA’s place-base Geographic, National Estuary and Gulf Hypoxia programs. In its March 2022 Bipartisan Infrastructure Law SRF Implementation Memo, EPA emphasized the importance and eligibility of nature-based infrastructure, and encouraged states and communities to make full use of the SRF Green Project Reserve, which supports nature-based solutions and other environmentally innovative activities. EPA’s implementation of its National Estuary, Geographic, and Gulf Hypoxia programs also prioritizes use of nature-based solutions, where applicable, to restore coastal and riparian ecosystems and protect the communities that depend on them.
     
  • Coordinating access to funds that reduce floods and benefit wildlife: The White House Infrastructure Implementation Task Force is advancing an effort to simplify access to new Bipartisan Infrastructure Law funds that aim to reduce the risk of flooding, improve habitat connectivity for fish and wildlife, and improve public safety. The Department of the Interior’s Fish and Wildlife Service, Department of Transportation, U.S. Department of Agriculture, and National Oceanic and Atmospheric Administration (NOAA) are coordinating to facilitate access to these opportunities and ensure efficient use of federal funds.
     
  • Advancing Coastal Resilience with Natural Infrastructure Projects: Through its Climate Ready Coasts Initiative, the Department of Commerce’s NOAA is helping coastal communities by investing in high-impact natural infrastructure projects that build economic and environmental resilience, create jobs, store carbon and restore habitat. The $1.5 billion in Bipartisan Infrastructure Law funds will be supplemented by future Inflation Reduction Act funding opportunities.

 
DRIVING GLOBAL ACTION
 
President Biden is committed to unlocking the full potential of nature-based solutions for achieving climate goals and combatting nature loss, especially for communities that are disproportionately impacted by climate change and environmental injustices. By announcing this roadmap and actions at the UNFCCC COP27, we recognize the need for global action to confront these triple crises and look forward to announcing additional actions during the upcoming Convention on Biological Diversity COP15. We invite partners, communities, and other nations to join the Biden-Harris Administration in taking aggressive action to advance nature-based solutions as powerful tools that the world needs now.
 

Biden Administration, Climate Action, Climate Change

FACT SHEET: Biden Proposes Plan to Protect Federal Supply Chain from Climate-Related Risks

Proposed rule to improve efficiency and reduce financial risks from climate change

The Biden Administration is proposing the Federal Supplier Climate Risks and Resilience Rule, which would require major Federal contractors to publicly disclose their greenhouse gas emissions and climate-related financial risks and set science-based emissions reduction targets. © Karen Rubin/news-photos-features.com

This is from a White House fact sheet on the Biden-Harris administration’s proposed Federal Supplier Climate Risks and Resilience Rule which would require major Federal contractors to publicly disclose their greenhouse gas emissions and climate-related financial risks and set science-based emissions reduction targets, which President Biden outlined at COP27 .

The Biden-Harris Administration is taking historic action to address greenhouse gas emissions and protect the Federal Government’s supply chains from climate-related financial risks. In support of President Biden’s Executive Orders on Climate-Related Financial Risk and Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability, the Administration is proposing the Federal Supplier Climate Risks and Resilience Rule, which would require major Federal contractors to publicly disclose their greenhouse gas emissions and climate-related financial risks and set science-based emissions reduction targets.
 
President Biden highlighted this proposed action at the 27th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP27) in Sharm El Sheikh, Egypt. Through this action, the United States would become the first national government to strengthen its supply chain by requiring major suppliers to set Paris Agreement-aligned emissions reduction goals.
 
As the world’s single largest buyer of goods and services—purchasing over $630 billion in the last fiscal year alone—the Federal Government faces significant financial risks from climate change. Supply chain disruptions over the past year have impacted every sector, including the Federal Government and its critical contractors and subcontractors. The new Federal Supplier Climate Risks and Resilience Rule would strengthen the resilience of vulnerable Federal supply chains, resulting in greater efficiencies and reduced climate risk.
 
The proposed action is also an integral part of the President’s Federal Sustainability Plan, which set a goal to achieve net-zero emissions procurement by 2050. The Federal Supplier Climate Risks and Resilience Rule covers approximately 85 percent of the emissions associated with the Federal supply chain, which are estimated to be more than twice as large as the emissions from operating the Federal Government’s 300,000 buildings and 600,000 vehicles combined.
 
Managing emissions builds efficiency and effectiveness, and can reduce costs for Federal suppliers. Since establishing the Federal Government’s own climate goals, energy use by buildings and vehicles has dropped 32 percent, saving taxpayers $11.8 billion annually. Suppliers understand that you cannot manage what you don’t measure—tracking emissions and setting and meeting targets can increase resilience and reduce costs.
 
The proposed rule is part of the President’s leadership to implement the first comprehensive, government-wide strategy to measure, disclose, manage, and mitigate the systemic risks that climate change poses to American families, businesses, and the economy. In addition to protecting federal supply chains, agencies are taking new actions to protect pensions and retirement plans, insurance availability, household savings and credit, state and local government programs, our financial system, and the federal budget from the financial risks of climate change.
 
Federal Supplier Climate Risks and Resilience Rule
 
The proposed Federal Supplier Climate Risks and Resilience Rule provides a targeted, risk-based approach by focusing primarily on major Federal suppliers. Under the proposed rule, the largest suppliers including Federal contractors receiving more than $50 million in annual contracts would be required to publicly disclose Scope 1, Scope 2, and relevant categories of Scope 3 emissions, disclose climate-related financial risks, and set science-based emissions reduction targets. Federal contractors with more than $7.5 million but less than $50 million in annual contracts would be required to report Scope 1 and Scope 2 emissions. All Federal contractors with less than $7.5 million in annual contracts would be exempt from the rule. Small businesses with over $7.5 million in annual contracts would only be required to report Scope 1 and Scope 2 emissions under the proposed rule.
 
This proposed rule leverages widely-adopted third party standards and systems that many Federal contractors already use when disclosing their emissions and setting emissions reduction targets, including the CDP environmental reporting system, the Task Force on Climate-Related Financial Disclosures (TCFD) Recommendations, and the Science Based Targets Initiative (SBTi) criteria.
 
Today, more than half of major Federal contractors are already disclosing climate related information. These Federal contractors are among the 18,700 companies globally—worth more than half of global market capitalization—that voluntarily disclose emissions and climate risk through CDP, including 1,800 small and medium-sized enterprises. Further, nearly 4,000 companies globally—representing one third of the global economy’s market capitalization—have voluntarily committed to setting science-based targets.
 
The Federal Acquisition Regulatory Council, composed of the Department of Defense, the General Services Administration, the National Aeronautics and Space Administration, and chaired by the Office of Federal Procurement Policy in the Office of Management and Budget, is issuing this proposed rulemaking, which would amend the Federal Acquisition Regulation (FAR) to implement these changes, if finalized. The FAR is the primary regulation for use by all executive agencies in their acquisition of supplies and services with appropriated funds.
 
The Biden-Harris Administration invites public input on this proposed rulemaking. To learn more about the rulemaking, visit https://www.sustainability.gov/federalsustainabilityplan/fed-supplier-rule.html

Biden Administration, Climate Action, Climate Change

Biden in COP27 Speech Describes Progress US has Made, Leadership Role Will Play to Address Global Climate Crisis

President Joe Biden at COP27: “The climate crisis is about human security, economic security, environmental security, national security, and the very life of the planet.” © Karen Rubin/news-photos-features.com via msnbc.

This is a highlighted transcript of President Joe Biden’s remarks to the 27th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP27), held in Sharm el-Sheikh, Egypt, on November 11, 2022:

Here in Egypt, the Great Pyramids and the ancient artifacts stand as testament to millennia of human ingenuity.  We see our mission to avert climate catastrophe and seize a new clean energy economy not only as an imperative for our present and future, but through the eyes of history.
 
According to the World Meteorological Organization, the past eight years have been the warmest on record.
 
In the United States, we’re seeing historic drought and wildfires in the West, devastating hurricanes and storms in the East.
 
Here in Africa — home to many nations considered most vulnerable to climate change, food insecurity [and] hunger follows four years of intense drought in the Horn of Africa.
 
Meanwhile, the Niger River in West Africa, swollen because of more intense rainfall, is wreaking havoc on fishing and farming communities.
 
In Nigeria, flooding has recently killed 600 people; 1.3 million more are displaced.
 
Seasonal livestock migration routes have been used for hundreds of years are being altered, increasing the risk of conflict between herders and local farming communities.
 
The climate crisis is about human security, economic security, environmental security, national security, and the very life of the planet.
 
So today, I’d like to share with you how the United States is meeting the climate crisis with urgency and with determination to ensure a cleaner, safer, and healthier planet for all of us.  (Applause.)

From my first days in office, my administration has led with a bold agenda to address the climate crisis and increase energy security at home and around the world. 
 
We immediately rejoined the Paris Agreement.  We convened major climate summits and reestablished — (applause) — I apologize we ever pulled out of the agreement — we established Major Economies Forum to spur countries around the world to raise their climate ambitions.

Last year, at COP26 in Glasgow, the United States helped deliver critical commitments that will get two thirds of the world’s GDP on track to limit warming to 1.5 degrees Celsius.  (Applause.)
 
Over the past two years, the United States has delivered unprecedented progress at home.
 
Through a generational investment in upgrading our nation’s infrastructure, we’re making our power grid better able to transmit clean energy, expanding public transit and rail, building a nationwide network of electric vehicle charging stations — over 50,000.
 
And this summer, the United States Congress passed and I signed into law my proposal for the biggest, most important climate bill in the history of our country — the Inflation Reduction Act.  (Applause.)
 
It includes less than I asked for, but a significant amount: $368 billion to support clean electricity, everything from offshore wind to distributed solar, zero-emission vehicles, and sustainable aviation fuels; more efficient electrified buildings; cleaner industrial processes and manufacturing; climate-smart agriculture and forestry; and more.
 
Look, our Department of Energy estimates that the new law will reduce emissions in the United States by about 1 billion tons in 2030 while unleashing a new era of clean-energy-powered economic growth.
 
Our investments in technology, from electric batteries to hydrogen, are going to spark a cycle of innovation that will reduce the cost and improve the performance of clean energy technology that will be available to nations worldwide, not just the United States.  (Applause.)
 
It’ll help make the transition to a low-carbon future more affordable for everyone, accelerate decarbonation beyond our borders.

In fact, the International Energy Agency recently concluded that our significant climate investment will, quote, help “turbo-charge the emerging global clean energy economy.” 

It’s going to shift the paradigm for the United States and the entire world.

 We also ratified the Kigali Amendment to rally the world in phasing down the production and consumption of HFCs, greenhouse gases — (applause) — that are thousands of times more damaging than carbon dioxide.

And just yesterday, the United States became the first government to require that our major federal suppliers disclose their emissions and climate risks and set targets for themselves that are aligned with the Paris Agreement.  (Applause.) 

As the world’s largest customer, with more than [$630 billion] in spending last year, the United States government is putting our money where our mouth is to strengthen accountability for climate risk and resilience.
 
These critical steps are already locking in vital investments in our infrastructure — delivering lower cost for clean energy, spurring good-paying union jobs for American workers, and advancing environmental justice in our communities.  (Applause.) 

Folks, we are proving that good climate policy is good economic policy.  (Applause.)  It’s a strong foundation for durable, resilient, inclusive economic growth.  It’s driving progress in the private sector.  It’s driving progress around the world.

And the sum total of the actions my administration is taking puts the United States on track to achieve our Paris Agreement goal of reducing emissions 50 to 52 percent below2005 levels by 2030.  (Applause.) 

Let me just take a moment to emphasize how meaningful it is that I can say that.

I introduced the first piece of climate legislation in the United States Senate way back in 1986, 36 years ago.  My commitment to this issue has been unwavering.

And today, finally, thanks to the actions we’ve taken, I can stand here as President of the United States of America and say with confidence: The United States of America will meet our emissions targets by 2030.  (Applause.) 

We are racing forward to do our part to avert the “climate hell” that the U.N. Secretary-General so passionately warned about earlier this week.  We’re not ignoring the harbingers that are already here.

It’s true so many disasters — the climate crisis is hitting hardest those countries and communities that have the fewest resources to respond and to recover.  That’s why, last year, I committed to work with our Congress to quadruple U.S. support to climate finance and provide $11 billion annually by 2024, including $3 billion for[adaptation].

And that’s why the fund — Emergency Plan for Adaptation and Resilience — PREPARE, we call it — to help more than half a billion people in developing countries respond to climate change.  We’ve already requested more than $2 billion for the PREPARE this year.  I am going to fight to see that this and our other climate objectives are fully funded.

Today, as a down payment, we’re announcing more than $150 million in initiatives that specifically support PREPARE’s adaptation efforts throughout Africa, including Adaptation in Africa effort that Egypt and the United States launched together in June.

This includes support for expanding early warning systems to help cover Africa, broadening access to climate finance, providing disaster-risk protection, strengthening food security, mobilizing the private sector, and supporting a new training center in Egypt to accelerate adaptation across the efforts all across the continent.  (applause)

My administration has also made the United States the first-ever contributor to the Adaptation Fund last year, and this year we’re doubling our pledge to bringing our total commitment to $100 million.

We’re making sure that every dollar we deliver goes as far as possible, unlocking larger pools of finance and the trillions in private investment we know that will be needed.

Folks, we’re also supporting the Global Shield, a G7 initiative to better protect vulnerable countries everywhere from climate-related losses and quickly respond to climate-related damages.

And the G7-led Partnership for Global Infrastructure and Investment is working to meet the critical infrastructure needs in low- and middle-income countries with specific focus on climate.

The project we’re facilitating is built on transparency, partnership, the protections for workers and the environment.
 
One of the many projects already underway is a partnership between American firms and the government of Angola to invest $2 billion building new solar projects in Angola.

And everywhere in the world, climate adaptation in Africa is working toward an energy transition that is just.  It means creating good jobs, spurring inclusive economic growth, and leaving no one behind as we implement the Sustainable Development Goals.

Folks, now I know this has been a difficult few years.The interconnected challenges we face can feel all-consuming.  And the upheaval we’re seeing around the world, especially Russia’s brutal attack against Ukraine, is exacerbating food shortages and energy spikes in cost, increasing volatility in those energy markets, driving up global inflation.
 
Against this backdrop, it’s more urgent than ever that we double-down on our climate commitments.  Russia’s war only enhances the urgency of the need to transition the world off its dependence on fossil fuels.
 
True energy security means every nation is benefiting from a clean, diversified energy future.  No action — no action can be taken without a nation understanding that it can use energy as a weapon and hold the global economy hostage.  It must stop.
 
And so this gathering must be the moment to recommit our future and to our shared capacity to write a better story for the world. 
 
Let’s build on our global climate progress, raising above our ambitions and the speed of our efforts.

The science is devastatingly clear.  We have to make vital progress by the end of this decade.  And that’s why the United States is rallying the world around climate game-changers.

I launched one such game-changer last year with the European Commission President Von der Leyen: the Global Methane Pledge.

We started it with the EU and eight other countries.  In Glasgow, it grew to more than 100 countries.  Now more than 130 countries have signed on to covering more than half of the global methane emissions.

Methane is 80 times more potent than carbon, and it accounts for nearly half — half of the net warming we’re experiencing now.  So cutting methane by at least 30 percent by 2030 can be our best chance to keep within reach of 1.5 degrees Celsius target.  (Applause.) 

And today, we’re releasing an updated Methane Emissions Reduction Act Plan, which lays out how the United States is meeting the pledge.

We’re investing more than $20 billion in domestic methane mitigation to do things like cap orphan wells leaking methane, improving industrial equipment in the oil and gas sectors to reduce emissions.

It also lays out strong regulatory actions, including a new proposal from our Environmental Protection Agency to strengthen standards on methane across sectors, especially from super-emitters, to make — just to make sure it’s not released into communities, impacting our public health.  (Applause.) 

All told, these steps will reduce U.S. methane emissions from covered sources by 87 percent below the levels of 2005 by 2030.

Folks, another game-changer is conserving our natural environment.  Whether it’s the Congo Basin forests and peatlands here in Africa or the Amazon Basin in South America, or forests, wetlands, and grasslands in the United States, preserving nature is one of the most impactful climate solutions we have — some that Indigenous people, who have — communities have known and been the stewards of these efforts for a long time and generations.  They’ve known it.   
 
Here at COP27, we are co-chairing Forests and Climate Partnership to deliver real, rapid strides to halt deforestation.
 
The best part is we don’t have to develop any new technologies.  We just have to make clear forests are more valuable when they’re preserved than when they’re destroyed.  It’s that basic.  (Applause.)  And those who are able should be chipping in to help those countries that, in fact, preserve those great forests.

We’re bringing together partners across the public and private sector and philanthropic sectors to put healthy ecosystems at the heart of healthy economies.  

It’s going to take all of us. 

We need to harness our capacity to tackle emissions in economic sectors like international shipping.  If the shipping sector were a standalone economy it would rank  [among the ten] largest emitters in the world. 

So, together with Norway, the United States has launched the Green Shipping Challenge.  During this COP, we’ve seen dozens of commitments from governments, as well as ports and private companies, to facilitate green shipping corridors and align the sector with the 1.5-degree goal.

If we can accelerate action on these game-changers, we can reach our goal, we can keep it within reach as well.  But to permanently bend the emissions curve, every nation needs to step up.  At this gathering, we must renew and raise our climate ambitions.

The United States is acting.  Everyone has to act.  That’s the duty and responsibility of global leadership. 

Countries that are in a position to help should be supporting developing countries so they can make decisive climate decisions, facilitating their energy transitions, building a path to prosperity and compatible with our climate imperative.

If countries can finance coal in developing countries, there is no reason why we can’t finance clean energy in developing  [countries].

And I’m pleased to announce today, alongside the European Union and Germany, a $500 million package to finance and facilitate Egypt’s transition to clean energy.  (Applause.)

This package will enable Egypt to deploy 10 gigawatts of renewable energy by 2030, while bringing offline 5 gigawatts of inefficient gas-powered facilities, reducing emissions in Egypt and power sector by 10 percent.

We also — we’ll also work with Egypt to capture nearly  [4 billion] cubic meters of natural gas, which Egypt currently flares, vents, or leaks from its oil and gas operations. 

And because of this cooperation, Egypt is elevating its climate ambition and submitting an enhanced national determined contribution.

If we’re going to win this fight, every major emitter nation needs align with the 1.5 degrees.  We can no longer plead ignorance to the consequences of our actions or continue to repeat our mistakes.  Everyone has to keep accelerating our efforts throughout this decisive decade.

My friends, I came to the presidency determined to make the transformational changes that are needed — that America needs to make and we have to do for the rest of the world to overcome decades of opposition and obstacles of progress on this issue alone; to reestablish the United States as a trustworthy, committed, global leader on climate.

As I stand here before you, we’ve taken enormous strides to achieve that. 

(Protestors in audience yell.) 

But I don’t stand here alone.  This progress is being driven by young people all across America.  Like young people around the world, they feel the urgency of climate, and they feel it deeply.  They’re committed to these issues.  They know the stakes, and that’s their world we’re creating.

This is not to stand by and allow us to fail in this responsibility.  We can’t.  That’s why, as I look out, of all the things that I’ve — we’ve accomplished, with so much more to do, I’m optimistic.

For all the work that remains to be done, we have to put down significant markers of progress.  The United States has taken enduring steps to meet our goals.  We’re delivering on our promise of leadership, and more and more of the world is standing with us.

Though determined diplomacy is necessary, we’re finding consensus, building and understanding and launching new approaches.  And the inspiring passion of young people, civil society, climate activists, Indigenous communities is literally galvanizing the world.
 
Yes, the challenges we face are great, but our capacity is greater than the challenges.  We must never doubt that.

So let’s reach out and take the future in our hands and make the world we wish to see and that we know we need — a planet preserved for generations to come; an economy powered by clean, diversified, secure energy sources; opportunities unlocked through innovation and cooperation that deliver equitable, more prosperous, and more stable, and more just world for our children.
 
That’s why we’re here.  That is what we’re working toward.  And we can do it together.  I am confident

Biden Administration, Climate Action, Climate Change

FACT SHEET: Biden Announces New Initiatives at COP27 to Strengthen US Leadership in Tackling Climate Crisis

At the 27th U.N. Climate Conference (COP27), President Biden announced new initiatives to strengthen U.S. leadership tackling the climate crisis and galvanize global action and commitments. President Biden demonstrated that the United States is following through on its existing commitments and initiatives while also accelerating new and expanded domestic and global efforts © Karen Rubin/news-photos-features.com via msnbc

The White House issued this fact sheet on new initiatives President Joe Biden announced at COP27 to strengthen US leadership in tackling climate change:

Today at the 27th U.N. Climate Conference (COP27), President Biden announced new initiatives to strengthen U.S. leadership tackling the climate crisis and galvanize global action and commitments. President Biden demonstrated that the United States is following through on its existing commitments and initiatives while also accelerating new and expanded domestic and global efforts. As President Biden said at last year’s COP in Glasgow, this is a decisive decade – and the United States is acting to lead a clean energy future that leverages market forces, technological innovation, and investments to tackle the climate crisis.  The initiatives the President announced today also reflect the global imperative to support vulnerable developing country partners in building resilience to a changing climate, helping them cope with a problem they did not create.
 
In less than 18 months, President Biden has renewed United States leadership in the fight against climate change.  The President is delivering on his Day One promises, positioning the United States to achieve our ambitious climate goals. President Biden has spearheaded the most significant domestic climate action in U.S. history, including passing the historic Inflation Reduction Act, signing the Bipartisan Infrastructure Law, ratifying the Kigali Amendment to the Montreal Protocol, spurring a new era of clean American manufacturing, enhancing energy security at home and abroad, and driving down the costs of clean energy for consumers in the U.S. and around the world.
 
These efforts reflect President Biden’s belief that climate security, energy security, food security, and water security go hand-in-hand. As Russia’s unjust war in Ukraine disrupts energy markets, strains economies with rising prices, and threatens vulnerable countries with severe food shortages, efforts to accelerate climate action, growing clean energy economies, climate smart agriculture, and global resilience have become all the more urgent.
 
The initiatives the President is announcing and that the U.S. delegation will highlight throughout COP27 include:

  • Bolstering Global Climate Resilience – including doubling the U.S. pledge to the Adaptation Fund to $100 million and announcing over $150 million in new support to accelerate the President’s Emergency Plan for Adaptation and Resilience (PREPARE) efforts across Africa.  These build on the over $20 million that President Biden has announced this year to accelerate PREPARE’s work in Small Island Developing States.
     
  • Accelerating Global Climate Action – including launching a new initiative to support Egypt in deploying 10 GW of new wind and solar energy while decommissioning five GW of inefficient natural gas generation, strengthening proposed domestic methane regulations in the oil and gas sector that would reduce U.S. methane from covered sources by 87 percent below 2005 levels as well as other domestic and international action to tackle methane emissions and advance the Global Methane Pledge, and announcing new actions that would make the United States the first national government to require major suppliers to set Paris Agreement-aligned emissions reduction goals – leveraging the Federal Government’s over $630 billion in annual purchasing power.
     
  • Catalyzing Investment at The Scale Required to Tackle the Climate Crisis – including launching new and innovative approaches that strategically use public finance to unlock billions in private investment, such as the “Climate Finance +” initiative that will support developing countries in issuing green bonds; launching the Sustainable Banking Alliance to deepen developing countries’ sustainable financial markets; and making strategic investments that help to mobilize billions in private finance and facilitate the export of U.S. clean technologies.
     
  • Engaging All of Society in Tackling the Climate Crisis – including launching a Climate Gender Equity Fund, an Indigenous Peoples Finance Access Facility, and new exchanges to empower youth across the world to be leaders on resilience and clean energy in their communities.

The comprehensive list of announcements by the U.S. delegation at COP27 includes:
 
BOLSTERING GLOBAL CLIMATE RESILIENCE:
 
President Biden announced additional efforts to further accelerate the implementation of his Emergency Plan for Adaptation and Resilience (PREPARE), which aims to help more than half a billion people in developing countries adapt to and manage the impacts of climate change this decade.   These initiatives reflect the fact that a dollar invested in adaptation can result in $4-10 or more in benefits.  These additional efforts, as well as those announced by the United States during COP27, subject to Congressional notification and the completion of domestic procedures, include:

  • Doubling Our Pledge to the Adaptation Fund to $100 million – In Glasgow, we announced our intent to make our first-ever contribution to the Adaptation Fund through an initial pledge of $50 million.  Today, President Biden announced that the United States will double this multi-year pledge to $100 million.
     
  • Accelerating Adaptation in Africa – President Biden announced over $150 million to accelerate PREPARE’s work across the continent, in support of the Adaptation in Africa initiative he and President El-Sisi announced in June.  This includes U.S. support for:
     
    • Expanding access to early-warning systems for all of Africa – According to the International Federation of Red Cross and Red Crescent Societies, better early-warning systems and adaptation can cut the number of people who need emergency assistance in half by 2030 — and from 200 million to just 10 million by 2050.  Today, President Biden announced new U.S. support to accelerate these efforts, including through a $13.6 million contribution to the Systematic Observations Financing Facility that will help fill weather, water, and climate observation gaps in Africa.  The United States will also invest $15 million to support the co-development and deployment of early-warning systems in Africa, leveraging the U.S. National Oceanic and Atmospheric Administration (NOAA)’s long-standing relationships with national and regional weather services across Africa.  Our scientists and emergency preparedness experts will work side by side with African partners to bring early warnings to Africa and support communities, leaders, businesses, and people in applying this information to reduce impacts and save lives. 
       
    • Building the capacity of African decision makers of today and tomorrow to accelerate adaptation across the continent for years to come – This includes contributing $10 million to support the launch of a new adaptation center in Egypt – the Cairo Center for Learning and Excellence on Adaptation and Resilience, announced by Egypt, which will build adaptation capacity across the African continent.  As part of our support for the Cairo Center, we are also working with African universities and central ministries to raise awareness of climate risk and strengthen capacity to apply adaptation solutions to manage those risks, especially when it comes to fiscal policy, budgeting and planning.  The United States is contributing an additional $2 million to the Resilience and Adaptation Mainstreaming Program to build the capacity of governments to manage climate risks and access finance.
       
    • Supporting locally-led efforts to adapt to climate impacts – This includes an additional $3.5 million in support for the Least Developed Countries Initiative for Effective Adaptation & Resilience, which is helping African countries like Uganda, Malawi, Gambia, and Burkina Faso to enhance access to adaptation finance for the most vulnerable.
       
    • Expanding access to risk-based insurance for the most vulnerable – This includes working with multilateral development banks and supporting the G7 Global Shield against Climate Risks to protect vulnerable people — in Africa as well as the Caribbean, Central America, and the Pacific.   In this context, the United States is enhancing its support for regional risk insurance pools, including contributing $12 million to the Africa Disaster Risk Financing Program and $12 million to ARC Ltd, helping countries cope with extreme weather events, food insecurity, and other issues exacerbated by climate change.
       
    • Mobilizing the private sector for adaptation and resilience – – The United States is contributing an additional $25 million to the African Union’s flagship Africa Adaptation Initiative (AAI), which is hosted by the Egyptian government, to launch the AAI Food Security Accelerator, which will dramatically speed- and scale-up private sector investments in climate resilient food security in Africa. With U.S. support, the Accelerator will help identify, structure and de-risk a pipeline of transformative adaptation investments in food security, helping to unlock private capital that is already standing ready to invest in these innovative solutions, ranging from cold storage logistics to climate resilient agriculture and post harvesting processes. The United State is also launching a Call to Action to the private sector to tap into their ability to develop innovative adaptation solutions in ways that the public sector cannot, providing an additional $3.8 million to CRAFT TA Facility, and $2 million to launch an adaptation window of the Global Innovation Lab for Climate Finance to help develop new financial instruments and mechanisms to harness private investment in adaptation.
       
    • Further supporting climate smart food systems in Africa – This includes helping countries and communities to adapt their food systems to climate impacts, through at least $100 million in adaptation funding in FY 2022.  USAID also invested more than $300 million in Resilient Food Security Activities in FY 2022 across Africa that supports agricultural development and food security.  This year, Feed the Future expanded to eight additional African countries, the new Global Food Security Strategy further elevated inclusive and climate-resilient food systems, and climate information services work was expanded.  These efforts are yielding results.  For example, in 2022 in partnership with the Bill and Melinda Gates Foundation and the Foundation for Food & Agriculture Research, climate-resilient maize varieties were planted on seven million hectares across 13 African countries.  These heat, drought, and flood resistant maize varieties provided a 25% yield advantage, benefiting more than 44 million people.
       
    • Advancing Climate Security Through Sahel-Climate Advocacy and Peacebuilding with Pastoralists – This initiative aims to reduce the risk of farmer-herder climate change-related conflict in communities spanning the border of Niger and Benin by concurrently increasing herders’ access to political participation in local and national government and improving herders’ and farmers’ access to climate forecasts of rainfall, droughts, and other environmental factors.
       
  • Accelerating Adaptation in SIDS – The United States has also announced over $20 million to accelerate PREPARE’s work in SIDS.  This includes:
     
    • Expanding early-warning systems in the Pacific SIDS – This includes $15 million to increase the capacity of developing countries to understand, anticipate and prepare for climate impacts to public health and safety, food security, water resources, and coastal areas, which President Biden announced at the historic U.S.- Pacific Island Leaders Summit.  NOAA will also provide university scholarships to five individuals from the region to communication increase the pipeline of qualified forecasters able to deliver climate-smart decision support.  Additionally, NOAA will install roughly 20 satellite units across the region ensuring these forecasts and products reach the last mile.
       
    • Supporting climate resilience and sustainable development in SIDS through the Local2030 Islands Network – This includes advancing island-led resilience through engagement and technical support through the Network, which currently includes 20 island economies representing diverse geographical regions across the globe, with the largest concentration of members currently in the Pacific and Caribbean.  NOAA will expand its support for the Network to foster peer-to-peer learning opportunities, such as communities-of-practice, and support capacity-building activities, including training, research, extension and engagement, leveraging $4.5 million in new funding.
       
    • Supporting storm surge mapping – Starting with the Federated States of Micronesia, NOAA and USAID will develop storm surge risk maps to improve understanding of storm surge flooding vulnerability from landfalling tropical cyclones, providing critical information to save lives and avoid climate impacts.
       
  • Supporting Climate Affected Vulnerable Migrants – The United States announced a contribution of $5 million to the Migration Multi-Partner Trust Fund to support climate-affected vulnerable migrants.  This program underscores our commitment to the vision of the Global Compact for Migration, including improving cooperation on international migration.  It also advances the Biden Administration’s climate strategy, reflected in the 2021 White House Report on the Impact of Climate Change on Migration, to address the impact of climate change on vulnerable populations across the globe.

 
ACCELERATING GLOBAL CLIMATE ACTION:
 
President Biden believes that tackling the climate crisis and keeping the 1.5-degree C temperature goal within reach requires “all hands on deck” – demanding the mobilization of local, state, and national governments, the private sector, and philanthropies. At COP27, President Biden and his Administration announced new initiatives to advance this objective, including:

  • Accelerating Egypt’s Clean Energy Economy, Enhancing Climate Ambition, and Supporting Energy Security – Germany and the United States announced over $250 million in resources to unlock $10 billion in commercial investment to support Egypt’s clean energy economy.  The program will deploy 10 GW of new wind and solar energy while decommissioning five GW of inefficient natural gas generation.  This program, coordinated by the European Bank for Reconstruction and Development, will support Egypt’s Country Platform for the Nexus of Food, Water, and Energy (NWFE).  Egypt committed to enhance its Nationally Determined Contribution to incorporate a commitment to quadruple its installed renewables capacity share to 42% by 2030.  Egypt also committed to adopt an ambitious 2050 long-term strategy with a view to explore a net zero greenhouse gas (GHG) emissions target and kick-start the development of green hydrogen.  Additionally, Egypt committed to expand the use of zero-emission vehicles, sustainable public transport, and other solutions for reducing GHG emissions from transport.  The three countries committed to cooperate on reducing methane emissions from Egypt’s oil and gas sector.  These commitments will yield major climate benefits by reducing Egypt’s power sector emissions by about one fifth and cutting methane pollution.  They will also enhance energy security by freeing up over two billion cubic meters of gas.
     
  • Expanding the Global Methane Pledge to Rapidly Reduce Global Temperatures While Boosting Energy Security – Reducing methane emissions is the fastest way to lower global temperatures in the near term, avoid dangerous climate tipping points, and alleviate global adaptation burdens.  Limiting warming to 1.5°C will require dramatic reductions in global methane emissions of at least 30% by 2030 from 2020 levels, as called for in the Global Methane Pledge (GMP) launched by the United States and European Union at COP26.  The GMP has now been endorsed by over 130 countries representing over half of global methane emissions.

    The oil and gas sector represents the fastest and deepest methane emissions reductions opportunities to achieve the GMP target.  Capturing flared and leaked gas in the oil and gas sector is also a critical near-term solution to boost global gas supplies and support energy security, as 260 billion cubic meters of gas are currently wasted every year from flaring and methane emissions within the sector.  This is why President Biden launched the GMP Energy Pathway at the Major Economies Forum in June 2022, alongside the European Union and 11 other countries, to accelerate global reductions in fossil energy methane.

    Today, President Biden announced major new U.S. actions and welcomed new international actions to rapidly reduce methane emissions, particularly in the energy sector, including:
     
    • Strengthening proposed domestic methane standards in the oil and gas sector that would reduce wasted energy and harmful emissions from covered sources by 87 percent below 2005 levels while delivering economic benefits – Today, the U.S. Environmental Protection Agency (EPA) announced it is strengthening the agency’s proposed standards to cut methane and other harmful air pollutants from the oil and natural gas industry.  If finalized, these standards will protect workers and communities, maintain and create high-quality, union-friendly jobs, and promote U.S. innovation and manufacturing of critical new, all while delivering significant economic benefits through increased recovery of wasted gas.  The new proposal also includes a ground-breaking “Super-Emitter Response Program” that would require operators to respond to credible third-party reports of high-volume methane leaks. 
       
    • Updating the U.S. Methane Emissions Reduction Action Plan – Building upon the first-ever U.S. Methane Emissions Reduction Action Plan released at COP26, President Biden today unveiled an updated plan showcasing enhanced ambition and progress to achieve deep methane reductions in the United States, while cutting consumer costs, spurring job creation, and securing economic gains. The plan includes more than $20 billion of new investments to reduce methane emissions from the Bipartisan Infrastructure Law, Inflation Reduction Act, and annual appropriations.  The updated plan outlines how the Administration is taking over 50 actions to tackle methane emissions at home.
       
    • Welcoming over 130 countries which have now endorsed the Global Methane Pledge – The GMP now covers over half of global methane emissions and over two-thirds of the global economy.  In its first year, the GMP has spurred implementation including significant progress on national methane action plans and new landmark policies and initiatives across all major sectors.
       
    • Launching a Joint Declaration from Energy Importers and Exporters on Reducing Greenhouse Gas Emissions from Fossil Fuels – Launched alongside the European Union, Japan, Canada, Norway, and the United Kingdom, the declaration unites major energy importers and exporters to minimize flaring, methane, and CO2 emissions across the fossil energy value chain to the fullest extent practicable.  These countries will support enhanced policy action, cooperation on methane measurement, and public and private sector engagement to achieve these goals.
       
    • Welcoming the launch of the Methane Alert and Response System (MARS) – Today, the UN Environment Programs’ International Methane Emissions Observatory launched MARS, a new system to tackle methane “super-emitters” by providing countries and companies with data to enable action on major emissions sources.
       
    • Welcoming enhanced action on methane mitigation from international partners, including Nigeria, Canada, and Mexico – All of these countries are among the 20 largest emitters of methane in the oil and gas sector.  Nigeria celebrated the finalization and publication of its first-ever methane regulations in its oil and gas sector.  Canada reaffirmed its commitment to reduce oil and gas methane emissions by at least 75% by 2030 below 2012 levels through strengthened regulatory action and industry partnerships.  The U.S. Environmental Protection Agency and PEMEX also launched cooperation to reduce methane emissions in Mexico’s oil and gas sector, tackling an emissions source that rivals the emissions from Mexico’s entire power sector.  The U.S Trade and Development Agency is also supporting partners in methane abatement by leveraging the best-in-class technical expertise of U.S. industry in this area, including by funding a series of three reverse trade missions in 2023 to familiarize partners with the latest U.S. methane abatement technologies and services.
       
  • Launching the Green Shipping Challenge – Following President Biden’s call to action at his June 2022 MEF, the United States and Norway launched the Green Shipping Challenge at COP27, with more than 40 major announcements from countries, ports, and companies on the actions they are taking to help align the shipping sector with the goal to limit global temperature rise to 1.5 degrees C.  For our part, the United States announced initiatives including: three new bilateral workstreams focused on facilitating green shipping corridors with the Republic of Korea, Canada, and the United Kingdom, the development of a U.S. maritime decarbonization strategy, and the launch of a Green Shipping Corridors Initiation Project with $1.5 million, subject to Congressional notification and the completion of domestic procedures, to support feasibility studies for green shipping corridors involving developing countries. These efforts build on U.S. leadership in zero-emission shipping, including $3 billion in the Inflation Reduction Act to support zero-emission port equipment, technology, and climate action plans; more than $700 million in Bipartisan Infrastructure Law to make U.S. ports more efficient and resilient; and U.S. efforts at the International Maritime Organization (IMO) to advance a goal of phasing out greenhouse gas emissions from the international shipping sector to zero no later than 2050.
     
  • Accelerating Zero Emissions Solutions in Ukraine and the EU Through Advanced Nuclear:  This announcement launches two projects that showcase the use of innovative small modular reactor (SMR) technologies for powering global decarbonization efforts and providing options to achieve net-zero economies in hard-to-abate energy sectors.  These include (i) commencing a 2-year Ukraine Clean Fuels from SMRs Pilot demonstration project in Ukraine to efficiently produce clean hydrogen fuels from SMR and cutting-edge electrolysis technologies and to establish new avenues to achieve food security through production of clean ammonia for fertilizer production, and (ii) launching a new initiative, Project Phoenix, to move Europe from coal-fired plants to SMRs while retaining and retraining local jobs through U.S. support for coal-to-SMR feasibility studies and supporting activities.
     
  • Establishing an International Climate Hub for Climate-Smart Agriculture – Modeled after USDA domestic Climate Hubs, USDA intends to create an International Climate Hub to further support global science-based, climate-informed decision-making.  USDA Climate Hubs serve as the premier model for developing and delivering science-based, region-specific information and technologies to U.S. agricultural and natural resource managers that enable climate-informed decision-making.  By creating a new International Climate Hub, USDA will help support goals set out in PREPARE, the Global Methane Pledge, and the Global Fertilizer Challenge.  By sharing the best practices and research on climate-smart agriculture and forestry, including those gained from international coalitions and research consortia, we can help address climate change on a global-scale, build out new and better markets for U.S. products and make agriculture production more efficient and productive everywhere. 
     
  • Announcing New Initiatives for Governments to Lead by Example
    • Engaging U.S. Federal Government suppliers – Today, President Biden announced historic new action that would make the United States the first national government to require major suppliers to set Paris Agreement-aligned emissions reduction goals.  This action would reduce GHGs and protect the Federal Government’s supply chains from climate-related financial risks.  As the world’s single largest buyer of goods and services – with over $630 billion in spending last year alone, climate change poses significant financial risks to the Federal Government.  Through the Federal Supplier Climate Risks and Resilience Proposed Rule, major Federal Government contractors would be required to publicly disclose their GHG emissions and climate-related financial risks and set science-based emissions reduction targets.
       
    • Launching the Net-Zero Government Initiative – This initiative leverages the catalytic role of national governments in accelerating the implementation and achievement of countries’ climate targets.   Participating countries commit to achieving net-zero emissions from national government operations by no later than 2050, developing a roadmap and interim targets by COP28 that outlines their pathway for getting there, and publishing the roadmap upon completion.  Over 15 countries will join the United States in this Initiative.
       
    • Launching the Subnational Climate Action Leaders’ Exchange – The U.S. State Department and Bloomberg Philanthropies are supporting a first-of-its-kind initiative, the Subnational Climate Action Leaders Exchange (SCALE), to help cities, states, and regions develop and implement net-zero, climate-resilient targets and roadmaps.  SCALE will empower subnational champions to drive ambition at the national and international level and will leverage action and advocacy organized around a set of high-level goals needed to keep a 1.5-aligned, climate-resilient future within reach.  In its first phase, SCALE will focus on accelerating implementation of the Global Methane Pledge and its call for a 30 percent reduction in methane emissions by 2030.
       
  • Launching the Net-Zero Game Changers Initiative – This initiative accelerates game-changing climate innovations and supercharges the public and private climate innovation ecosystem to help the United States meet President Biden’s goal of reaching net-zero emissions by no later than 2050.  To launch the initiative, the White House Climate Policy Office, Office of Management and Budget, and Office of Science and Technology Policy released a new report, U.S. Innovation to Meet 2050 Climate Goals, which describes 37 game-changing R&D opportunities identified across U.S. Federal agencies. With inclusive and intentional innovation, these innovations can help propel the United States and the rest of the world towards an affordable, equitable, net-zero energy system.

 
CATALYZING INVESTMENT AT THE SCALE REQUIRED TO TACKLE THE CLIMATE CRISIS
 
The United States is committed to not only meeting President Biden’s ambitious goal to quadruple U.S. climate finance to over $11 billion a year and working with other countries to meet the goal of mobilizing $100 billion, but also to using public finance in new and innovative ways to unlock the much larger pools of capital that will be required to tackle the climate crisis.  These efforts are in direct support of the Partnership for Global Infrastructure and Investment.  These efforts include:

  • Launching “Climate Finance +” – The U.S. Millennium Challenge Corporation (MCC) and USAID are collaborating to accelerate the use of innovative finance mechanisms that aim to leverage billions in new public and private investment in low and lower-middle income countries.  This Climate Finance + effort will support potential green bonds and other climate-related financing through MCC technical assistance in Indonesia, Mozambique, and Zambia and USAID support for the development of green bonds in at least five additional countries via public-private partnerships.
     
  • Investing over $2.3 billion in Innovative Financing for Climate in 2022 through the U.S. International Development Finance Corporation – The U.S. International Development Finance Corporation (DFC) announced in Fiscal Year (FY) 2022 it invested more than $2.3 billion to combat the climate crisis through mitigation and resilience projects that have a positive developmental impact.  Recognizing the urgent need to scale up private-investment in adaptation efforts in developing countries, DFC has announced a major push to accelerate its investments in this area.  In FY 2022, more than $390 million of the agency’s investments went to projects that helped to bolster developing countries’ resilience, and an additional $200 million went to deals that will generate adaptation co-benefits.  Building on this momentum, DFC is accepting climate adaptation business proposals for financing to support resilience in developing countries, with an emphasis on four sectors: agriculture, water, built environment, and health.  DFC’s investments also helped support clean energy solutions that provide reliable, affordable energy to help developing countries meet rising demand and support economic development. 
     
  • Unlocking Billions in Finance and Facilitating U.S. Clean Technology Exports Through Strategic Investments by the U.S. Trade and Development Agency and U.S. Export-Import Bank – In April 2021, President Biden announced the launch of the U.S. Trade and Development Agency’s (USTDA) Global Partnership for Climate-Smart Infrastructure to connect U.S. industry to major clean energy and transportation infrastructure projects in emerging economies.  At COP27, USTDA announced that it has already funded more than 50 activities through the Partnership that will help its partners in developing and middle-income countries achieve their energy and transportation sector climate mitigation and adaptation goals.  These activities are designed to help unlock more than $65 billion in climate finance and support more than $15 billion in U.S. exports.  Additionally, the U.S. Export-Import Bank announced that it has provided over $175 million in financing to support U.S. exports of climate friendly technologies, its highest volume of authorizations for clean technology exports in years.
     
  • Launching the Sustainable Banking Alliance –USAID will help deepen the sustainable financial sectors in developing countries by partnering with community financial institutions and banking associations across the globe to develop tools and capacity focused on climate financing, climate risk, and carbon accounting and will encourage climate finance target-setting for community banks.  The activity will be launched with two pilot countries, Colombia and Rwanda, with an initial total budget of just over $1 million.  The Alliance supports USAID’s Action Plan for Climate and SDG Investment.

 
ENGAGING ALL OF SOCIETY IN TACKLING THE CLIMATE CRISIS:
 
President Biden believes that tackling the climate crisis must take an inclusive approach, engaging all members of society.  At COP27, the United States announced new initiatives to advance this objective, including:

  • Launching the Climate Gender Equity Fund – With initial seed funding of $6 million, USAID is co-launching a new Climate Gender Equity Fund in, partnership with Amazon, which will leverage private sector contributions to help provide women climate leaders with technical skills, networks, and capital to develop and scale climate solutions.  The Fund is enabled by USAID’s commitment to gender-responsive climate action, including its allocating more than $21 million from the Gender Equity and Equality Action (GEEA) Fund, surpassing its $14 million COP26 commitment.
     
  • Investing in Climate Leadership for Egyptian Women – USAID is spurring climate action by investing in education and skills building for women and youth.  USAID has made a $23 million initial investment in a new nine-year program that aims to build a more inclusive Egyptian workforce, with an emphasis on sectors with the potential to contribute to climate goals such as environment and energy.  
     
  • Launching the Indigenous Peoples Finance Access Facility – This Facility will enable the continued climate stewardship by Indigenous peoples and local communities improving their access to climate finance.  This three-year, $2 million-dollar program, implemented by Indigenous peoples within Conservation International, will provide trainings, tools, and workshops to build long-term capacity and enhance access to climate finance.
     
  • Empowering Youth as Resilience and Clean Energy Leaders – The U.S. State Department is launching two three-week, in-person On-Demand Youth Leadership Program exchanges for approximately 40 high school-aged youth and adult mentors from the United States and countries across Africa to develop a deeper understanding among young leaders about climate adaptation and clean energy and to foster their ability to provide solutions to the climate crisis in their home communities. The exchanges are scheduled for spring 2023.
Biden Administration, Climate Action, Climate Change, News & Photo Features

FACT SHEET: Biden’s Leadership on Tackling Climate Crisis at Home and Abroad Galvanizes Unprecedented Momentum at Start of UN Climate Conference (COP27)

One of President Biden’s challenges is persuading nations not to abandon climate change goals because of the strain on fossil fuel supplies and prices created by Russia’s invasion of Ukraine, rather, the crisis should incentivize the transition to locally available clean, renewable energy. Here, Antwerp shows an “all-of-the-above” source of fuel, wind, nuclear and fossil © Karen Rubin/news-photos-features.com

In less than two years since taking office, President Biden’s leadership to tackle the climate crisis has boosted U.S. manufacturing and deployment of cost-cutting clean energy technologies, put the country on a durable path aligned with limiting warming to 1.5 °C, and galvanized global action by partners and the private sector – building unprecedented momentum towards achieving critical climate goals and strengthening global resilience. As more than a hundred countries gather for the 27th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP27) in Sharm el-Sheikh, Egypt, the United States will work with partners to enhance global ambition to accelerate growth of the clean energy economy, avert the most catastrophic impacts of climate change, and help lower- and middle- income countries build resilience to climate impacts. In fact, the President has pledged to work with Congress to increase U.S. international climate finance to over $11 billion a year – which would make the United States the single largest contributor of climate finance. These actions are key to strengthening global security – including energy, water, food, and health security – which has been made all the more urgent following Russia’s war against Ukraine that has disrupted energy markets, strained economies with rising prices, and threatened vulnerable countries with severe food shortages.

At COP27 and beyond, the United States will encourage countries – particularly major economies – and the private sector to not only implement existing commitments and goals, but to also enhance commitments and goals to help close the gap between current pledges and what the latest science tells us is urgently needed.  And the United States will also encourage the international community to accelerate vulnerable countries’ ability to implement adaptation efforts. Through the President’s Emergency Plan for Adaptation and Resilience, PREPARE, the United States is rapidly increasing its support of adaptation and resilience programming to help more than half a billion people in developing countries adapt to and manage the impacts of climate change.

On November 11, President Biden will be at COP27 to build on efforts by the United States to accelerate growth of an equitable clean energy economy that will cut consumer energy costs, reduce global greenhouse gas emissions, advance the global climate fight, and help the most vulnerable build resilience to climate impacts. The United States is leading by example at home and abroad:

  • Leading at Home by Taking the Most Ambitious Climate Actions in U.S. History.  The President is delivering on his day one promise by positioning the United States to achieve our ambitious goals of reducing emissions 50-52% below 2005 levels in 2030 and to net-zero by 2050 through a series of unprecedented climate actions.  These actions will not only reduce emissions, but will bolster energy security, help families save money on their energy bills, create good-paying jobs for workers and spur a new era of clean American manufacturing, advance environmental justice, and ensure healthier air and cleaner water for communities.  Key actions include passing the Inflation Reduction Act and Bipartisan Infrastructure Law (BIL), ratifying the Kigali Amendment to the Montreal Protocol, tackling super-pollutants like methane, leveraging the purchasing power of the federal government, advancing decarbonization across all sectors, ensuring the clean energy transition benefits disadvantaged communities, and spurring innovation and supporting a new era of clean American manufacturing.
     
  • Supporting Vulnerable Countries in Building Resilience to Current and Future Climate Impacts by implementing the President’s Emergency Plan for Adaptation and Resilience (PREPARE). PREPARE aims to accelerate the ability of developing countries to adapt to and manage the impacts of climate change by preparing knowledge, plans, programs, finance, and private capital for adaptation and resilience efforts. Nineteen U.S. Federal agencies and departments are committed to working with partner countries to help them build resilience to climate impacts on food systems, water, infrastructure, health, and the economy.
     
  • Leading Global Efforts to Keep the 1.5 °C Goal within Reach. We are implementing the President’s major initiatives and priorities to accelerate global climate action.  This includes the Plan to Conserve Global Forests, mobilizing climate finance through the Partnership for Global Infrastructure and Investment (PGII), advancing implementation of the Global Methane Pledge (GMP), decarbonizing transportation (e.g., zero emissions vehicles, shipping, and aviation), accelerating innovation in and deployment of clean energy technologies, and enhancing food security.

LEADING AT HOME BY TAKING THE MOST AMBITIOUS CLIMATE ACTIONS IN U.S. HISTORY

  • The Inflation Reduction Act is by far the most ambitious climate and clean energy legislation in U.S. history, with $370 billion for building a clean energy economy, cutting consumer energy costs, combating the climate crisis, advancing environmental justice, and enhancing climate resilience.  The Inflation Reduction Act is expected to more than double U.S. clean energy production (e.g., solar, wind, battery storage, and more), save families hundreds of dollars per year on energy costs, and create millions of good-paying jobs, all while reducing greenhouse gas emissions by about 1 gigaton in 2030 – 10 times more climate impact than any other U.S. legislation ever enacted. This law also leans in on ensuring communities are prepared for climate impacts already here, by funding coastal resilience, drought, and tools to help communities make science-backed decisions.
     
  • The Bipartisan Infrastructure Law (BIL) delivers record support for upgrading the power grid to transmit more clean energy and withstand extreme weather, building a nationwide network of electric vehicle chargers, expanding public transit and passenger rail, investing in drought and wildfire preparedness, and cleaning up legacy pollution.
     
  • Bipartisan Senate Ratification of the Kigali Amendment to the Montreal Protocol and helping to phase down global production and consumption of hydrofluorocarbons (HFCs), super-polluting chemicals that are hundreds to thousands of times more powerful than carbon dioxide while also spurring growth in domestic manufacturing jobs in making HFC alternatives, where American companies are already leading the way.  As more countries join the United States in ratifying this amendment, we can prevent up to half a degree Celsius of warming this century.
     
  • Tackling super-pollutants like methane through implementation of the comprehensive U.S. Methane Emissions Reduction Action Plan and measures in the Inflation Reduction Act and BIL covering the oil and gas industry, agriculture, buildings and addressing abandoned mine lands, and orphan oil and gas wells – a source of toxic pollution and methane emissions.
     
  • Leading by example through the Federal Sustainability Plan to reduce emissions across 300,000 buildings, 600,000 vehicles, and $650 billion in annual purchasing power, and launching new initiatives like the Federal Buy Clean Initiative to spur private-sector commitments to reduce industrial emissions and the White House-HHS Health Care Sector Climate Pledge, which has secured aligned commitments from more than 100 health systems and industry organizations committed to resilience and decarbonization.
     
  • Addressing Climate Related Financial Risk to the federal government, real economy, and financial system by refining approaches and tools to assess fiscal risk in the President’s budget, conducting sensitivity analysis to federal programs, and undertaking macroeconomic risk analysis as well as through leadership from U.S. independent financial regulators improving their understanding and management of these risks, for example through the proposed climate disclosure rule by the Securities and Exchange Commission and the OCC’s and FDIC’s proposed principles on climate-related financial risk management for large banks.
     
  • Taking decisive action to decarbonize all key sectors – including power, transportation, buildings, industry, and lands and waters:
     
    • Power Sector Deployment – securing historic clean power investments that will more than double wind, solar, and battery storage deployment; jumpstart the American offshore wind industry; support hydrogen infrastructure; fast-track the process for permitting and deploying clean energy and transmission projects.
       
    • Clean Energy Research – through the recently launched Net Zero Gamechangers Initiative, driving the major innovation breakthroughs that we know the world needs to solve the climate crisis by addressing the toughest remaining technological challenges and cost hurdles in key sectors, and rapidly advance solutions to help achieve our climate and economic competitiveness goals. Billions of dollars have been committed to coordinate research so far on six key areas:  hydrogen, long-duration energy storage, carbon dioxide removal technologies, floating off-shore wind, advanced geothermal, and industrial heat.
       
    • Transportation – securing the largest investments ever in public transportation, passenger rail, an electric vehicle (EV) charging network, hydrogen infrastructure, and battery supply chains; rallying automakers and autoworkers around an electric transportation future, by setting a national target of 50% electric vehicle sales share in 2030, spurring more than $85 billion of investment in American manufacturing of EVs, batteries, and chargers, and launching the American Battery Materials Initiative; finalized strongest passenger vehicle standards in American history to increase average fuel economy to 49 miles per gallon – reducing emissions and savings drivers money at the pump; and advancing cleaner transit, shipping, and aviation; launching the Sustainable Aviation Fuel (SAF) grand challenge to achieve a minimum of a 50% reduction in life cycle greenhouse gas emissions compared to conventional fuel and supply sufficient SAF to meet 100% of aviation fuel demand by 2050.
       
    • Buildings – making historic investments in energy efficient homes and decarbonization, with more than $1 billion to expand weatherization and incentivize electrification, with more than $1 billion to expand weatherization and incentivize electric appliance and efficiency upgrades that will lower energy bills and emissions; updated energy-saving appliance and equipment standards to save households an average of $100 a year; accelerate next-generation clean building technologies.
       
    • Industrial – launched a breakthrough “Buy Clean” initiative leveraging federal standard setting and procurement and secured historic investments to reduce industrial emissions, including support for clean hydrogen, carbon capture, and cleaner industrial facilities for steel, iron, cement and other energy-intensive materials; and advanced manufacturing processes.
       
    • Lands and Waters – secured historic investments to enlist nature-based solutions in the fight against climate change with over $20 billion in the Inflation Reduction Act to support climate-smart farmers, ranchers, and forest landowners and the BIL support for climate resilience and ecosystem restoration; launched new initiatives to support conservation and carbon sequestration, including the America the Beautiful initiative to conserve 30 percent of U.S. lands and waters by 2030; and issued an Executive Order on strengthening America’s forests.
       
  • Ensuring the clean energy transition benefits disadvantaged communities by implementing the Justice40 Initiative to deliver 40% of overall benefits from federal investments in climate and clean energy to disadvantaged communities that are marginalized, underserved, and overburdened by pollution.
     
  • Investing in economic revitalization of coal communities by creating the Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization, chaired by the White House and including eleven federal agencies, dedicated to increasing federal investment in land remediation and reclamation, economic diversification, and workforce training strategies for displaced fossil energy workers in diverse communities across the U.S.; and by directing significant new resources to fossil energy communities through the BIL and Inflation Reduction Act. 
     
  • Spurring innovation and supporting a new era of clean American manufacturing by passing the CHIPS and Science Act, using trade policy and Buy Clean actions to incentivize low-carbon production of key materials like steel, and invoking the Defense Production Act for five critical clean energy technologies.

LEADING GLOBAL EFFORTS TO SUPPORT VULNERABLE COUNTRIES IN BUILDING RESILIENCE TO CURRENT AND FUTURE CLIMATE IMPACTS

  • Scaling up U.S. public finance for climate adaptation and resilience by advancing President Biden’s commitment to work with Congress to increase U.S. international climate adaptation finance to $3 billion a year by 2024, a six-fold increase from the highest historical funded level. 
  • Helping more than half a billion people in developing countries adapt to and manage the impacts of climate change through ambitious efforts outlined in a whole-of-government PREPARE Action Plan by:
     
    • Responding to the UN Secretary-General’s call to ensure “Early Warning for All” by 2027 and increasing co-production and use of climate information;
       
    • Equipping the decision-makers of today and tomorrow with the skills, knowledge, networks, and outlook needed to adapt to climate impacts;
       
    • Building capacity to mainstream adaptation into policies, programs, and budgets and to support locally led adaptation;
       
    • Improving partner governments’ ability to assess, plan for, and implement programs that increase resilience to the impacts of climate change on food security, water, health, and infrastructure;
       
    • Increasing the amount and quality of finance that accelerates climate adaptation and resilience and supports gender-responsive, locally-led adaptation;
       
    • Assisting partner governments to assess, plan, and budget for adaptation costs, and scale up financing in all sectors;
       
    • Facilitating increased investment from the philanthropic and private sectors to advance adaptation and resilience in climate-vulnerable partner countries; and
       
    • Increasing and enhancing the use and effectiveness of disaster risk financing tools to support climate resilience.

LEADING GLOBAL EFFORTS TO KEEP THE 1.5 DEGREE GOAL WITHIN REACH

  • Executing the President’s Plan to Conserve Global Forests by working to help drive progress forward in each of the Plan’s four key objectives since President Biden launched the Plan at COP26, including building a whole-of-government approach to deliver on this ambitious, decade-long plan to support global efforts to halt and reverse deforestation by leveraging a range of diplomatic, policy, and financing tools.  The United States will continue this leadership through Special Envoy for Climate John Kerry’s co-Chairing of the Forest Climate Leaders Partnership, working alongside over 20 governments who are committed to advancing key actions and initiatives and acting to halt and reverse global deforestation by 2030.
     
  • Rapidly innovating and deploying clean energy solutions by bringing together the global community for the first-ever Global Clean Energy Action Forum in Pittsburgh last September, anchored by the Clean Energy Ministerial (CEM) and Mission Innovation (MI).  Together, 34 countries and stakeholders from the entire energy ecosystem of government, businesses, innovators, civil society, and youth around the world gathered to take action on the clean energy transition and enhance investment including the launch of the Zero-Emissions Government Fleet Declaration, regional hydrogen hubs, and new funding in carbon management programs.
     
  • Scaling up climate finance by advancing President Biden’s commitment at the 2021 UN General Assembly to work with Congress to increase U.S. international climate finance to over $11 billion a year by requesting the funds and authorities necessary to achieve this goal in his Fiscal Year 2023 Budget Request.  Recognizing that catalyzing private investment will be critical to reaching the scale of resources that will be required, the United States is also focused on using our finance in innovative ways, including to unlock the much larger sums of private finance that will be needed.  These efforts are integral to the Partnership for Global Infrastructure and Investment, which has climate and energy security as one of its central pillars.  For instance, the United States recently made a $950 million loan contribution to the Clean Technology Fund which will support MDB efforts to help key emerging market countries accelerate coal transition, which is expected to catalyze billions in private finance.  The multilateral development banks (MDBs) are also a key part of our strategy for scaling up climate finance to support climate action in developing countries. The United States is leading the charge in encouraging the MDBs to both increase their climate finance and make it more accessible to recipients.  These actions would help the MDBs build on their all-time-high of $66 billion in climate finance provided in 2020, with $38 billion going to low- and middle-income economies. USAID is also engaging directly with private sector partners to mobilize finance at scale using our grants and technical assistance to provide risk-sharing for investment in critical climate solutions, as well as building the pipeline for bankable projects.
     
  • Advancing the Global Methane Pledge (GMP) by building a coalition that now includes over 130 countries committed to reduce global anthropogenic methane emissions at least 30 percent below 2020 levels by 2030, as called for in the Global Methane Pledge that President Biden and European Commission President Von der Leyen launched at COP26.  To achieve the fastest and deepest methane reductions, President Biden announced a new GMP Energy Pathway focusing on fossil energy methane emissions at the June 2022 Major Economies Forum on Energy and Climate (MEF), alongside the European Union and 11 other countries.  The Energy Pathway mobilizes new policies, projects, technical assistance, and investment resources to dramatically reducing flaring, venting, and leakage of methane from fossil energy operations.  Achieving the full methane mitigation potential in this sector could avoid 0.1°C warming by midcentury and would boost global energy security by preventing the waste of 260 billion cubic meters of gas per year—equivalent to over one-third of Russia’s annual gas production.
     
  • Accelerating Zero-Emissions Vehicle (ZEV) Deployment by building a growing coalition of countries committed to a collective 2030 goal of ZEVs comprising 50% of new light-duty vehicle sales by 2030, to include battery electric, fuel cell electric, and plug-in hybrid vehicles.  In addition to the United States, the coalition includes Canada, Chile, the European Commission, France, Germany, Italy, Mexico, Norway, and the United Kingdom.
     
  • Advancing Agriculture Innovation Mission for Climate (AIM for Climate), launched at COP26 by the United States and the United Arab Emirates. AIM for Climate and its growing network of over 275 partners seek to drive more rapid and transformative climate action by increasing investment and support for climate-smart agriculture and food systems innovation. AIM for Climate achieved its goal of doubling the total increased investment mobilized by its partners from $4 billion announced at COP26 to over $8 billion at COP27, which includes over $1 billion from 30 partner-led innovation sprints.  The United States has also announced plans to host the AIM for Climate Summit on May 8-10, 2023 in Washington, DC.
     
  • Expanding the First Movers Coalition launched by President Biden and the World Economic Forum at COP26. The First Movers Coalition is the flagship U.S. public-private partnership to commercialize clean technologies through advance purchase commitments. Its corporate members have pledged $10 billion, the world’s strongest demand signal, for bringing emerging innovations to scale. On its first anniversary, the First Movers Coalition has grown to more than 60 companies, representing more than 10% of the global Fortune 2000 by market value, as well as ten governments. Each member company has made unprecedented purchasing commitments by the end of this decade in order to drive investment in next-generation clean steel, aluminum, and cement; near-zero carbon aviation fuels; zero-emission trucking and shipping; and carbon dioxide removal.  These commitments will drive down the green premium of emerging technologies and bring competitive technologies to market this decade that are needed to decarbonize so-called “hard-to-abate” sectors of the global economy that produce a third of global emissions.
     
  • Demonstrating Clean Energy Technologies by rallying sixteen partner countries to collectively mobilize $94 billion in public funding to build commercial-scale demonstration projects that the IEA says are needed this decade to achieve net-zero emissions by 2050 – meeting a challenge that President Biden issued to other world leaders at his June MEF. Partners that joined the President in announcing contributions earlier this year included Australia, Canada, European Commission, Finland, France, Germany, Japan, the Netherlands, Norway, Poland, the Republic of Korea, Singapore, Sweden, United Arab Emirates and the United Kingdom.
     
  • Bolstering Climate & Food Security, including through President Biden’s September 2022 announcement at UNGA of over $2.9 billion in new U.S. assistance to address global food insecurity stemming from climate change, COVID-19, and Russia’s unprovoked and ongoing war against Ukraine, which builds on the $6.9 billion in U.S. government assistance to support global food security already committed this year.  The United States is providing additional funding to the Global Agriculture and Food Security Program, the African Development Bank, and the International Fund for Agricultural Development that will promote climate resilient food systems. Following President Biden’s call to action at the June 2022 Major Economies Forum, at COP27 the United States and partners will announce funding commitments to the Global Fertilizer Challenge to advance fertilizer efficiency and reduce the impact of shortages on food security.