President Obama’s Development Policy and the Global Climate Change Initiative

English

Global climate change will have a strong impact on development in coming decades. The absence of strong global action to reduce greenhouse gas emissions will hinder future development; conversely, smart climate policies can drive cleaner growth, resulting in a range of economic and social benefits.

Through the Global Climate Change Initiative (GCCI) and other climate-related USG programs, the United States will integrate climate change considerations into relevant foreign assistance through the full range of bilateral, multilateral, and private mechanisms to foster low-carbon growth, promote sustainable and resilient societies, and reduce emissions from deforestation and land degradation. The Administration is working to make our climate financing efficient, effective, and innovative, based on country-owned plans, and focused on achieving measurable results. As part of President Obama’s commitments in Copenhagen, we are working together with our partners to provide “fast start” climate finance approaching $30 billion during the period 2010–2012 to help meet the adaptation and mitigation needs of developing countries, including deploying clean energy technologies.

To this end we will use the full range of mechanisms—bilateral, multilateral and private—to invest strategically in building lasting resilience to unavoidable climate impacts; reduce emissions from deforestation and land degradation; and, support low-carbon development strategies and the transition to a sustainable, clean energy economy.

Date 
Wednesday, September 22, 2010 - 10:45pm

Last updated: July 31, 2014