Obama proposes $1.26b climate protection fund
Published on Feb 15, 2014 1:58 AM
WASHINGTON (AFP) - President Barack Obama will Friday propose a US$1 billion dollar (S$1.26 billion) fund to mitigate the impact of climate change, as he inspects farmland parched by drought in California.
He will propose the investment in his 2015 budget that will be released next month - though it is unclear whether the fund has much prospect of advancing past Republicans on Capitol Hill.
"We've always had heat waves, but now the worst ones are longer, and they're hotter," said White House spokesman Jay Carney.
"We've always had droughts, but the worst ones are getting longer and drier. We've always had severe storms, but instead of hundred-year storms that happen once a hundred years, we're having hundred-year storms that happen every other year or every five years." The new Climate Resilience Fund is intended to finance research into better understanding of projected impacts of climate change and how to better protect communities and infrastructure.
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