US progress on climate finance

ObamaApres COP implementation is vital to make the Paris Agreement worth the many years of hard negotiation that led to it.

So it’s notable that, just as the COP21 dust was settling in Paris, Congress quietly approved a first installment on the U.S.’s Green Climate Fund (GCF) pledge. The FY16 omnibus appropriations bill permits the Obama Administration to move $500 million from other discretionary budget streams and direct it to the GCF.  This half billion dollars is seen as a first installment on the $3 billion that the US pledged last summer. The Hill set out a short list of other political signs that US voters are sending the right signal about the importance of acting on climate change. The Guardian sees this positive funding vote as step 1 of President Obama’s full court press in defining his climate change legacy.