That sum of $7.45 billion, which reached more than 120 countries through bilateral and multilateral channels, met President Obama’s “commitment to provide our fair share” of a collective pledge by developed nations to provide a total of nearly $30 billion in “fast start finance” (FSF), the report stated.
The pledge was made at a Dec. 2009 U.N. climate conference in Copenhagen, and the FSF funding aims to support developing countries adapt to and cope with phenomena blamed on climate change, such as droughts and rising sea levels.
“International assistance for climate change continues to be a major priority for the United States,” the administration said in its “Climate Action Report,” submitted to the U.N. Framework Convention on Climate Change (UNFCCC) on Wednesday.
Read more from this story about what Americans spent on climate change HERE.