This fact sheet on how the Biden-Harris Administration is leveraging its historic U.S. climate leadership at home and abroad to urge countries at the 29^th U.N. Climate Change Conference (COP29)  to accelerate their global climate action  is provided by the White House:

Since Day One, President Biden has treated climate change as not only one of the greatest challenges of our time, but also as a once-in-a-generation opportunity to unleash a new era of economic growth, good-paying union jobs, historic investment, and energy security. The United States heads into the 29th U.N. Climate Change Conference (COP29) in Baku, Azerbaijan with a four-year record of spearheading the most significant climate action in history at home and leading efforts to tackle the climate crisis abroad.  At COP29, the Biden-Harris Administration will highlight global economic opportunities afforded by accelerating climate action in this decisive decade and will announce new initiatives to galvanize global efforts to keep a resilient, 1.5°C future within reach.

At home, actions like the Inflation Reduction Act (IRA) – the largest ever investment by any country in clean energy and climate action – and Bipartisan Infrastructure Law (BIL) have unleashed an unprecedented wave of investment and ignited a clean manufacturing boom.  These actions have stimulated over $450 billion in announced private investment in clean energy manufacturing and deployment since the start of the Biden-Harris Administration and created over 330,000 clean energy jobs in just over two years, with an additional 1.5 million jobs projected to be created over the next decade.  Hard-hit communities are reaping the biggest economic benefits – since the IRA passed, 75% of private clean energy investments have occurred in counties with lower than median household incomes, and clean energy investment in energy communities has doubled. This government-enabled, private-sector led approach, complemented by increased action from state and local governments, has set the United States on a path to achieve our 1.5°C-aligned emissions target under the Paris Agreement.  And historic investments in climate and disaster resilience are making communities across the country safer and stronger in the face of extreme weather events, which we know are getting more frequent and more dangerous because of climate change.
 
The investments the United States is making at home are catalyzing progress abroad, lowering the cost of clean energy for everyone and saving hundreds of billions of dollars globally.  The IRA is projected to produce more than $5 trillion in global economic benefits from reduced climate pollution between now and 2050.  Over the next seven years, according to analysis from the Department of Energy (DOE), twice as much U.S. wind, solar, and battery deployment is expected than would have been without the IRA.  This progress complements U.S. efforts to rally other countries to accelerate the clean energy transition and enhance their climate ambition.
 
At COP29, the U.S. delegation will promote U.S. efforts to seize the economic opportunities of the clean energy transition, address the risks climate change poses to our national security, and accelerate climate action in this decisive decade.  Key announcements include:
 

• Powering Forward with Ambitious Domestic Climate Action – by announcing the finalization of a new rule to reduce economically wasteful methane emissions; establishing new, bold targets for expanding U.S. nuclear energy capacity and releasing a framework to achieve them; and highlighting new actions to unlock potential for a new source of clean baseload power: enhanced geothermal.

• Accelerating Global Climate Action to Keep the 1.5°C Goal Within Reach – by driving progress on reducing methane and other high-impact non-carbon dioxide (CO₂) greenhouse gas (GHG) emissions (“super pollutants”) at a COP29 Summit on Methane and Non-CO2 GHGs alongside China and Azerbaijan and announcing new efforts to implement the over $1 billion in grant funding unveiled at COP28 as part of the Methane Finance Sprint; by announcing new members of the Carbon Management Challenge that President Biden launched in 2023; and by announcing new investments and initiatives to help partners transition away from unabated coal, deploy renewables, and reduce emissions in hard-to-abate sectors.

• Mobilizing Finance at Scale – including by scaling up U.S. international climate finance for developing countries from $1.5 billion in FY21 to $9.5 billion in FY23, a more than sixfold increase that was enabled by record-high levels of investment across the USG, including the U.S. International Development Finance Corporation (DFC) and the Export-Import Bank of the United States (EXIM).  This increase puts the United States on track to meet President Biden’s pledge to work with Congress to scale up our support to over $11 billion per year by 2024.  The United States is also announcing a new $1 billion guarantee for the Asian Development Bank’s (ADB) Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), which will unlock over $4.5 billion in investment, and supporting the launch of the Climate Investment Funds Capital Markets Mechanism, which is projected to raise $5 billion or more over 10 years.

• Bolstering Global Climate Resilience – by scaling up U.S. support for vulnerable developing countries to over $3 billion in FY23 to implement the President’s Emergency Plan for Adaptation and Resilience (PREPARE), achieving President Biden’s pledge to do so by 2024 one year early; by expanding access to cutting-edge climate information, data, and early-warning systems in over 80 countries; and by marshalling over $3 billion in additional resources since 2022 from 40 U.S. and global companies and partners in response to the PREPARE Private Sector Call to Action.

• Advancing Women’s and Girls’ Leadership in Tackling the Climate Crisis – by announcing new investments to support the Women in the Sustainable Economy (WISE) Initiative, a public-private partnership launched by Vice President Harris in 2023 through which the United States has galvanized over $2 billion in commitments by governments, private sector companies, foundations, and civil society to bolster women’s economic participation in sectors such as clean energy, fisheries, recycling, forest management, and environmental conservation.

 
POWERING FORWARD WITH AMBITIOUS DOMESTIC CLIMATE ACTION

• Reducing Wasteful Methane Emissions – Today, the U.S. Environmental Protection Agency (EPA) announced a final rule to reduce methane emissions from the oil and gas sector, following the directive from Congress in the IRA to collect a Waste Emissions Charge to better ensure valuable natural gas reaches the market rather than polluting the air.  Today’s final rule delivers on this directive and incentivizes companies to take near-term action to conserve valuable energy resources and reduce methane emissions – a potent GHG that is responsible for approximately one-third of the global warming we are now experiencing. EPA estimates that this rule alone will result in cumulative emissions reductions of 34 million metric tons CO2-equivalent by 2035, with cumulative climate benefits of up to $2 billion. Today’s final rule is just one of more than 100 actions that U.S. Federal agencies have taken in 2024 alone to sharply reduce methane emissions under the U.S. Methane Emissions Reduction Action Plan, helping to deliver on the Global Methane Pledge. U.S. actions this year have included plugging leaks and regulating emissions in the oil and gas sector, remediating pollution from abandoned coal mines, curbing food waste and emissions from agriculture practices, investing in cleaner industrial processes and buildings, and building a new, integrated system of satellite, aerial, and on-the-ground detections to stop major methane emissions events.

• Establishing Bold Targets for Expanding Domestic Nuclear Energy and Announcing  a Framework for Action to Achieve Them – acknowledging the crucial role that nuclear power will play to support energy security and clean economic growth, the United States is establishing a national goal to build 200 GW of new nuclear power generation capacity by 2050, as our Nation’s contribution to the global “Declaration to Triple Nuclear Energy” from 2020 levels endorsed by 25 countries at COP28.  The United States is also establishing nearer-term targets to jumpstart the expansion of nuclear energy deployment with 35 GW of new domestic nuclear energy capacity built or under construction by 2035 and ramping-up to a sustained pace of producing 15 GW per year by 2040.  These targets are part of “Safely and Responsibly Expanding U.S. Nuclear Energy to Tackle the Climate Crisis and Invest in America: Deployment Targets and a Framework for Action” that establishes a set of guiding principles for successfully scaling up nuclear energy in the United States in a manner that advances core values and commitments—including ensuring public health and safety protecting the environment, ensuring energy affordability, meaningfully engaging with communities and delivering local community benefits, honoring Tribal sovereignty, advancing environmental justice, and promoting national security.  The Framework also and identifies more than 30 key actions the U.S. government can take, along with the U.S. nuclear energy industry, power customers, and civil society, to meet this moment.  To help inform implementation of this Framework, the Administration is launching Tribal consultation and will issue a Request for Information to ensure that governmental, public and community engagement inform implementation of this Framework.

• Doubling the Number of Scalable Clean Baseload Power Sources by Rapidly Commercializing Geothermal Energy – The Administration’s recent actions are enabling enhanced geothermal to become a key source of clean baseload power and heat in the United States. Last month, the U.S. Bureau of Land Management approved in record time the development of the world’s largest next-generation geothermal project, which has the potential to generate up to 2 GW, proposed a new environmental review tool to facilitate confirmation of geothermal resources on federal lands, and hosted the largest lease sale of federal lands for geothermal electricity projects in more than 15 years. This year, the Department of Energy (DOE) also made the first federal investment of $60 million under BIL to support novel demonstration projects for next-generation geothermal technologies. As a result of these efforts, within one year of the first 3.5 MW enhanced geothermal project’s delivery of power in November 2023, over 600 MW of power purchase agreements have been signed for geothermal power using this pioneering technology—presenting new pathways to leverage oil and gas industry expertise and workforces to support a robust, resilient, and secure energy grid with good jobs.

• Leading by Example by Reducing U.S. Government Emissions – by announcing a new suite of actions to reduce the U.S. government’s indirect (“Scope 3”) emissions and engage other governments and suppliers.  This includes launching a new target to reduce the Federal Government’s Scope 3 emissions by 30% by 2030 – the equivalent of 40 million metric tons of CO2 annually – and releasing the first comprehensive measurement of the federal Scope 3 footprint. The United States is also launching the Government Scope 3 Alliance, a coalition of national and state governments whose members commit to set Scope 3 targets for government operations and report annually on progress.

• Releasing a National Marine Carbon Dioxide Removal Research Strategy – Today, the White House is releasing a new national strategy to advance research on the benefits, risks, and tradeoffs associated with marine carbon dioxide removal, a set of innovative technologies that could help address the climate crisis in concert with substantial cuts to carbon emissions.  Marine CO₂ removal uses ocean processes to increase the amount of atmospheric carbon dioxide the ocean removes from the atmosphere, but it requires additional research to determine if it is a safe and effective climate tool.  The strategy, which responds to a key objective of the Ocean Climate Action Plan, provides recommendations to guide accountable research, ensure community engagement, and clarify the regulatory process for scientific researchers.

ACCELERATING GLOBAL CLIMATE ACTION
 
President Biden has rallied world leaders to accelerate action in key areas that the latest science has identified as critical to keeping the goal of limiting average warming to 1.5°C within reach.  At COP29, the United States announced progress in each of these key areas, including:
 

• Reducing Methane and Other Non-CO2 GHG Super Pollutants:
   
• Hosting a COP29 Summit on Methane and Non-CO2 GHGs –  The Summit, co-hosted with China and Azerbaijan, showcased new actions to cut emissions of these climate super-pollutants that account for over half of warming, including national commitments to cover all GHGs in national climate targets, new policy and regulatory actions, and new scientific progress.  As the two largest emitters in the world, responsible for roughly 10% and 30% of global GHG emissions, respectively, the United States and China have helped catalyze global attention on non-CO2 GHGs. These efforts include the Global Methane Pledge (GMP), which more than 155 countries have now endorsed and are taking steps to meet the goal to cut global methane emissions by 30% by 2030. At COP29, with announcements from new countries, there are now nearly 100 methane action plans completed or underway, including China’s national action plan on methane and the United States’s Methane Emissions Reduction Action Plan update. The Climate and Clean Air Coalition, which serves as GMP Secretariat, is funding implementation projects in 65 countries. 

• Mobilizing billions to tackle super pollutants – At the COP29 Non-CO2 Summit, partners announced implementation steps for over $1 billion in grant funding previously announced at COP28 as part of the Methane Finance Sprint. This grant funding is already mobilizing billions more in methane-related project investment by the World Bank, International Fund for Agricultural Development, and regional multilateral development banks, among others.

• Leveraging new action and science to cut nitrous oxide (N2O) and Tropospheric Ozone – The United States and partners announced new global action and science on cutting super pollutants like N2O and tropospheric ozone, which account for roughly one-fifth of today’s warming, with significant impacts on public health and agricultural productivity. New steps include the release of a Global N2O Assessment, the United Nations  Environment Program’s new commitment to advance science on reducing climate impacts of tropospheric ozone, and private sector steps to tackle N2O and tropospheric ozone precursors.

• Leading Global Efforts to Accelerate Nuclear Energy Deployment:

• Implementing and expanding the effort to triple nuclear energy – by co-leading a coalition of countries working to advance the global goal of tripling nuclear energy capacity from 2020 levels by 2050, including by setting an example that shows how the United States will do its part, by establishing 2050 and nearer-term domestic nuclear energy deployment targets and outlining a Framework for Action.  Thirty countries from four continents now endorse the Declaration to Triple Nuclear Energy, after an additional five countries joined the effort at COP29.  Endorsers also highlighted recent stakeholder support for the effort, including from 14 major global financial institutions that announced support for the tripling goal during New York Climate Week in September 2024.

• Supporting Ukraine’s leadership in safe and secure nuclear energy – by announcing $30 million in funding from the U.S. Department of State for cooperation with Ukraine under the Foundational Infrastructure for Responsible Use of Small Modular Reactor (SMR) Technology (FIRST) program to develop: (1) a Clean Fuels from SMRs Pilot Plant, which will demonstrate the production of clean hydrogen and ammonia, a key ingredient in fertilizers, in Ukraine using simulated SMR technology; (2) Project Phoenix, to facilitate the conversion of Ukraine’s coal plants to SMRs by developing a comprehensive strategy, conducting feasibility studies, and providing advisory services; and (3) the Clean Steel from SMR Roadmap, which will help rebuild, modernize, and decarbonize Ukraine’s steel industry using clean electricity, process heat, and hydrogen from SMRs for steel manufacturing.

• U.S. – Romania Partnership to Create Over 1.5 GW of Clean Energy – Sargent & Lundy (U.S.), AtkinsRealis (Canada), and Ansaldo (Italy) reached a new milestone in the Cernavoda nuclear power plant project, and finalized a contract for an international consortium to complete two new reactors at Romania’s Cernavoda site, which, once completed, will generate over 1.5 GW of clean power for the region. The U.S. Department of Energy and the Romania Ministry of Energy facilitated the agreement and catalyzed the project by signing an intergovernmental agreement between the U.S. and Romania.

• Decarbonizing the Energy Sector by Scaling Technologies Critical to Achieving the 1.5°C Goal:

• Advancing the goal to triple renewable energy and double energy efficiency – including by co-leading the effort to establish international goals at COP29 to increase energy storage and expand and modernize grids, two key ingredients needed to scale up renewable energy in line with keeping the 1.5°C goal within reach.  Endorsers of the Energy Storage and Grids Pledge will set global goals to achieve 1500 GW of energy storage and 25 million km of built or refurbished grids by 2030, with an additional 65 million km by 2040.  The United States also provided over $4.5 billion in support for international clean energy projects in FY23, which will significantly advance efforts to triple renewable energy and double efficiency by 2030.

• Zero Emissions and Resilient Buildings Accelerator (ZERB Accelerator) – which brings together a cohort of leading cities, states, and regions committed to ambitious climate mitigation and resilience goals in the buildings sector, including the collective reduction of annual emissions by at least 50 million metric tons below 2020 levels, by 2030.  Incubated by the Subnational Climate Action Leaders’ Exchange (SCALE) partnership, the initiative will strengthen multilevel collaboration between these subnational jurisdictions and their national governments and will mobilize a broad coalition of organizations offering support in the areas of policy and technical assistance, financing, and measuring, reporting, and verification capacity to move the building sector to zero emissions and resiliency.

• Advancing the Carbon Management Challenge – Since President Biden announced the Carbon Management Challenge (CMC) last year at the Major Economies Forum on Energy and Climate, 22 countries and the European Commission have joined the initiative.  This includes 5 new members since COP28: Bahrain, Kenya, Mauritania, Nigeria, and Senegal.  In the past year, the CMC established a Secretariat to advance carbon management at the billion-ton scale by delivering outcomes on (1) developing country finance; (2) project deployment and tracking; and (3) strategic communications and engagement.

• Launching the U.S-India Low Carbon Comfort Cooling Collective – a new initiative aimed at harnessing the power of the public and private sectors to mobilize large-scale private investment towards a 50% reduction in cooling-related emissions in India by 2030.  At COP29, U.S. Agency for International Development (USAID) announced $1 million to support this new partnership.  In the face of intensifying extreme heat, the activity aims to reduce carbon emissions from cooling, decrease stress on electricity networks, and lower the cost of efficient cooling and alternative cooling solutions.

• Mobilizing Investment for Early Retirement of Indonesia Coal-fired Power Plant – USAID is assisting a consortium in Indonesia, led by the country’s sovereign wealth fund, to establish an approximately $255 million equity investment in the first coal power, early phase-out transaction under the Indonesia Just Energy Transition Partnership.  USAID will support an agreement between Indonesia’s sovereign wealth fund and public infrastructure company, PT Sarana Multi Infrastruktur, and private investors to finalize the early retirement of the 660 MW Cirebon coal-fired power plant.

• Accelerating clean energy deployment and decarbonization in the power and industrial sectors – through the Power Sector Program and Energy and Mineral Governance Program, the Department of State is committing $10.6 million to strengthen grid infrastructure to improve reliability and resiliency, deploy clean energy technologies to decarbonize the power and industrial sectors, expand cross border power trade, and create opportunities for private sector investment. The Energy and Mineral Governance Program is committing a further $5 million to expand technical support to enable emissions reductions in the oil and gas sector through methane abatement and decarbonization technologies, in support of the Global Methane Pledge.

• Advancing the Agriculture Innovation Mission for Climate (AIM for Climate) – At COP29, AIM for Climate will announce $2.9 billion in new investments, innovation sprints, and partners.  Launched by President Biden at COP26, AIM for Climate is a 5-year initiative co-led by the United States and the United Arab Emirates (UAE).  In just 4 years, AIM for Climate partners have mobilized $29.2 billion in increased investment in climate-smart agriculture and food systems innovation, over a 2020 baseline, including over $4.3 billion by the United States.  On the margins of COP29, the United States and the UAE will host the 3rd AIM for Climate Ministerial, a strategic opportunity to highlight the institutional legacy of AIM for Climate, including the recent  AIM for Climate Report.

MOBILIZING FINANCE AT SCALE

From Day One, the Biden-Harris Administration has been committed to boosting international climate finance.  This includes scaling-up our own bilateral finance, fully leveraging multilateral financial institutions, and mobilizing private investment.  These efforts are also in direct support of the Partnership for Global Infrastructure and Investment.  As a result of these efforts over the last three years, the United States significantly scaled up our climate finance – from $1.5 billion in FY21 to over $9.5 billion in FY23, a more than sixfold increase.  These actions build on domestic efforts to catalyze investments in game-changing climate mitigation and climate resilience innovations.  At COP29, the Biden-Harris Administration is announcing new efforts to mobilize investment at the speed and scale the climate crisis requires, including:

• Announcing a $1 billion guarantee for ADB’s Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP) – a $2.5 billion climate finance platform for Asia and the Pacific, making the United States the Facility’s largest donor.  The U.S. guarantee will enable $4.5 billion in new lending from ADB, which will start this month.

• Supporting the Launch of the Climate Investment Funds (CIF) Capital Markets Mechanism – an innovative new mechanism that will allow the CIF to raise funds directly in the capital markets, where it estimates it could raise $5 billion or more over 10 years.

• Achieving Record-Levels of Climate Investments through DFC and EXIM – with DFC reaching $3.71 billion in FY24 and mobilizing significant private investment to support over 1 GW of new clean energy capacity, improving U.S. partners’ energy security and access.  In line with its congressional mandate, EXIM has more than doubled its investments in clean energy and other environmentally beneficial exports – from $1.1 billion in FY23 to a record $1.6 billion in FY24.  These new investments, which represent over one-fourth of EXIM’s transactions this year, supported $1.7 billion in clean energy and other environmentally beneficial exports, EXIM’s highest-ever levels.

• Pioneering Innovative Approaches to Mobilize Private Investment – working with Congress, USAID is investing $41.1 million to drive private finance into hard-to-reach geographies and sectors.  This includes a $7.25 million investment through the Enterprises for Development, Growth, and Empowerment (EDGE) Fund to incentivize private investment in impact funds and mobilize investment in natural climate solutions which includes $2.75 million in grants to enable two new investment fund managers under the PREPARE Adaptation Finance Window that aim to catalyze additional public partners to co-invest.  USAID will also commit $27.7 million for the Colombia Invest for Climate activity, which aims to transform markets and financial systems and direct public and private funds into climate-smart businesses.  Finally, USAID is committing $6.1 million to the Partnerships for Green Investment initiative announced at COP28 last year to mobilize at least $200 million to achieve 50 million tons of emissions reductions, climate resilience, biodiversity protection, and benefit sharing across Southeast Asia.    

• Supporting the Development of the Cambodia Climate Financing Facility (CCFF) – USAID provided technical assistance to support the development of the CCFF, a $100 million green bank that will fill a critical funding gap for climate projects in Cambodia.  Once operationalized, the facility will provide concessions to local banks and businesses to stimulate investment in climate adaptation and mitigation projects, assisting Cambodia in meeting its Nationally Determined Contribution.

• Investing in Clean Energy and Critical Minerals Value Chains in Africa – as part of collaboration with Denmark, Finland, Sweden, and Norway, the United States, working with Congress, will make an initial commitment of $10 million over two years into the Investment Mobilization Collaboration Alliance’s third funding window through Power Africa, supporting clean energy and critical mineral investments in Africa.  This investment will improve critical minerals value chains and increase access to and use of energy to advance industrialization.  In joining this impactful, innovative international partnership, Power Africa will leverage partner funds and support proposals to advance clean energy across the continent.

 
BOLSTERING GLOBAL CLIMATE RESILIENCE
 
The Administration is announcing new efforts to accelerate the implementation of the President’s 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.  Through these efforts, the United States has provided over $3 billion in adaptation finance in FY23, achieving President Biden’s pledge to work with Congress to increase U.S. international public adaptation finance to $3 billion by FY24 to help implement PREPARE one year early.  This includes the following additional efforts across PREPARE:
 

• Scaling-Up DFC’s Adaptation Investments to Record-High Levels – DFC invested $1.3 billion in adaptation in FY24, including projects that will strengthen food and water security and sustainable practices to adapt to and increase resilience to the threat of climate change.  

• The $458 million Zambia Farm-to-Market Compact – MCC’s $458 million Zambia Farm-to-Market Compact, signed in October 2024, aims to improve Zambia’s agriculture and agro-processing sectors. The compact will focus on rural road infrastructure, increasing access to finance for irrigation, electricity, storage and processing facilities, and supporting agricultural policy reform initiatives. The Improving Roads Activity will improve road conditions, quality, access, and climate resilience for selected segments within the identified agricultural corridors through the design, construction, expansion, rehabilitation, upgrades, and strengthening in key agricultural corridors It also focuses on integrated planning, climate-resilient road infrastructure, building a local green/climate finance market, and improving agricultural productivity through better management of soils, irrigation, and watersheds.

• Expanding Access to Cutting-Edge Climate Information and Early Warnings through PREPARE – The United States has invested billions to develop world-leading weather and climate-related information and service capabilities – from launching leading-edge satellites, amassing relevant observational data from a global network of sensors, and developing advanced modelling technology.  The United States is using these capabilities to support vulnerable developing countries to better understand, anticipate, and prepare for climate impacts.  At COP29 the United States is announcing several new efforts, including working with Congress to announce a new the SERVIR Central America Hub that will launch in December and will bolster the resilience of over 50 million people to reduce vulnerability to climate impacts and environmental degradation. NOAA is announcing $4.7 million to bolster multi-hazard early warning capabilities in Pacific Islands, including through capacity building, data sharing, and expansion of sea-level rise monitoring stations to help with coastal inundation. The United States is also launching the Global Sea Level Explorer – a new earth.gov platform that will provide foundational information about global sea level and flooding to help inform decision-making, resource management, and emergency operations for each coastal country across the globe.

• Climate Smart and Disaster Ready – as part of its Climate Smart and Disaster Ready initiative, USAID announced $11.8 million in new awards to strengthen localized climate adaptation for communities at the greatest risk of climate-related disasters in current and foreseeable humanitarian contexts, bringing the total investment under this initiative to date to $16.2 million.  Under this program, USAID has funded five multi-year initiatives in West Africa, Central America, Southeast Asia, South Asia, and the Pacific Islands, including the previously announced $4.4 million to support young people in the Pacific Islands to advance disaster risk reduction and climate adaptation efforts in their own communities.

• Climate Finance for Agriculture in Africa – USAID will invest $9.3 million to accelerate climate finance for climate-resilient and low emissions development investments in agriculture and food systems across Africa, working with Congress.  In Zambia, USAID is supporting the country’s first climate-focused investment fund, aiming to mobilize $70 million for climate adaptation in critical sectors, including agriculture. In Ghana, USAID created a $2.6 million co-investment program to incentivize private sector investment in climate adaptation and mitigation in agriculture, complementing cooperation with the government on national carbon market development. Finally, through the Africa Trade and Investment activity, USAID is supporting a pan-Africa Fund to finance African microfinance institutions and agricultural entities, aiming to leverage an additional $5 million in commercial investments for climate-smart agriculture, with a total investment leverage ratio of 6:1. 

• Expanding Technical Support for SIDS through the Local2030 Islands Network – the National Ocean and Atmospheric Administration (NOAA) and the U.S. Department of State will invest nearly $500K to expand technical support to the Local2030 Islands Network for peer-to-peer learning, engagement and training to bolster the use of adaptive solutions and scientific data and planning.  This announcement builds on a prior investment of approximately $12 million into the Local2030 Islands Network, a global island-led network committed to net zero emissions and strengthening island resilience to climate change, with an emphasis on advancing the United Nations Sustainable Development Goals.

• $144 million in new partnership agreements in Mozambique – MCC’s $144 million in new partnership agreements in Mozambique with local non-governmental partners Biofund and ProAzul for MCC’s Coastal Livelihoods and Climate Resilience Project will leverage nature-based low carbon infrastructure to restore coastal ecosystems and their functions.

• Bolstering the Resilience of Critical Infrastructure: Enhancing Grid Resilience in Africa – The U.S. Trade and Development Agency awarded a feasibility study grant to Côte d’Ivoire Energies to help develop a smart grid control system that will increase stability of the national grid and reduce potential blackouts in the face of extreme weather events or climate disruptions.  USTDA is also supporting a grid resilience and efficiency event series, which will connect officials from public and private entities in sub-Saharan Africa’s power sector to the latest U.S. technologies services, and equipment for improved electricity transmission and distribution systems.

 
 
ADVANCING WOMEN AND GIRLS’ LEADERSHIP IN CLIMATE ACTION

Recognizing that no economy can get ahead if half of its population is left behind, the Biden-Harris Administration is committed to preparing women for leadership roles in the industries of the future, including through efforts that advance the Women in the Sustainable Economy (WISE) Initiative—an over $2 billion public-private partnership that aims to close gender gaps in access to training, jobs, leadership roles, and finance in green and blue sectors.  At COP29, the Administration announced:
 

• Advancing Women’s Leadership in the Clean Energy Economy – At COP29, USAID is announcing $10.8 million to champion women as decision-makers, stakeholders, educators, and experts in responding to the climate crisis.  USAID is investing in programs that support women’s equitable access to land; integrate gender-based violence prevention in fisheries conservation; and promote women’s participation and economic empowerment in green industries and clean energy sectors. 

• Accelerating Women’s Leadership in Climate Action – One year after the release of the U.S. Strategy to Respond to the Effects of Climate Change on Women, the State Department is releasing a progress report outlining initiatives and programs worth $10.7 million to empower women and girls as climate leaders while addressing the disproportionate impacts they face from the climate crisis.  These initiatives include efforts to train and connect women leading the clean energy transition, building climate-smart agricultural systems, and promoting Indigenous management of natural resources.

• Women In Agriculture Gain Economic Security (WAGES) – This program supports women in agricultural cooperatives across Tunisia to address the impacts of climate change, increase profitability, and improve food security.  The project focuses on optimizing natural resource use and enhancing the business operations of women-led cooperatives.  The $2.1 million project tackles women’s limited access to training and resources by forming partnerships with regional stakeholders and adapting approaches to address the needs of local women leaders. 

• Supporting Women Environmental Defenders – The Department of State is expanding support for women environmental defenders through the EMPOWER and WE-Defend programs, enabling their safe and meaningful participation in environmental governance and policy making. The EMPOWER program, now totaling $1.7 million, supports defenders globally, while WE-Defend, with a total investment of $1.2 million, focuses on empowering Filipina environmental defenders in decision-making processes related to environmental policies.

Advancing Women in Clean Energy and Minerals (AWCEM) Program – The Department of State announced $1.25 million to increase women’s leadership in the clean energy and critical mineral mining sectors in Latin America, empowering women to become leaders and agents for change to support decarbonization and the clean energy transition.