Climate Change Funding
USAID is the lead U.S. Government contributor to bilateral and regional development assistance. Over 40% of U.S. climate finance goes through bilateral channels, principally through USAID, and is targeted to help the most vulnerable countries adapt to climate impacts and to partner with countries on mitigating their emissions. USAID focuses on institutional and human capacity building, scientific and technological advances, economic growth, improving governance and business management, and creating the legal and regulatory environments needed to address climate change in developing countries. USAID’s technical expertise provides leadership in the development and implementation of activities under three climate change pillars: clean energy, adaptation and sustainable landscapes.
USAID has long-standing relationships with host country governments that enable the Agency to work with these partners to develop shared priorities and implementation plans. USAID’s engagement and expertise in agriculture, biodiversity, health, water, and other critical climate sensitive sectors provide an opportunity to implement innovative cross-sectoral climate change programs within those high-profile areas. Finally, USAID’s bilateral programs work in key political and governance areas that multilateral organizations cannot.
The Obama Administration has worked with the U.S. Congress to significantly scale up international climate finance through appropriated resources and export and development finance. The U.S. is committed to the full implementation of the Copenhagen Accord. As part of this commitment, the U.S. is 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. USAID is playing a key role in implementing the Global Climate Change Initiative (PDF 78K) and programming funding. Climate-related appropriations for 2010 totaled $1.3 billion, and the Administration has requested similar funding for Fiscal Year (FY) 2011. These funds include support for the Administration’s pledge to provide $1 billion for Reducing Emissions from Deforestation and Degradation (REDD+). The U.S. recently launched the REDD+ strategy, which represents a major success in USAID intellectual and strategic leadership of foreign assistance and international climate policy.
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