News analysis

US should step up climate finance abroad where damage most acute, advocates say

US President Joe Biden announced a US$100 million contribution to aid developing countries cope with climate change. PHOTO: REUTERS
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WASHINGTON – Speaking at the COP27 climate conference during his three-hour pit stop in Sharm El-Sheikh in Egypt, United States President Joe Biden had plenty of optimism and commitment to share – on the US domestic front.

Highlights include doubling the US contribution to the international Adaptation Fund – which helps developing countries to adapt to the fallout from climate change – to US$100 million (S$137 million).

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