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United States undertakes largest climate investment in its history - Vice President

Economy Materials 2 December 2023 14:30 (UTC +04:00)
Laman Zeynalova
Laman Zeynalova
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DUBAI, UAE, December 2. The US has made the largest climate investment in the country's history, US Vice President Kamala Harris said, Trend reports.

She spoke at the World Summit on Climate Action, organized within the framework of the 28th session of the Conference of the Parties to the UN Framework Convention on Climate Change - COP28.

"President Joe Biden announced his intention two years ago. Since then, the US has translated its aspiration into action. President Biden and I have undertaken the nation's greatest climate investment in history. Some estimate that the world will get $1 trillion over the next ten years. As a result, we are currently constructing and growing hundreds of solar wind turbines, electric automobiles, and battery manufacturing facilities across the United States. We're laying thousands of miles of high-voltage transmission lines across the country to bring sustainable energy to every corner," she said.

"And we're cutting emissions not just in the energy and transportation sectors, but also in industry, agriculture, buildings, and construction. We're also investing in resilience and adaptation to help restore our coastlines, wetlands, and forests, as well as make communities more robust to climate-related extreme weather," she added.

Harris noted that globally, the United States has been a leader in efforts to expand international efforts.

"This year alone, we have boosted our contributions by more than $9.5 billion. I am also pleased to announce a new $3 billion investment to the Green Climate Fund, which assists developing nations in investing in sustainable, clean energy, and environmental solutions. Today, we are displaying in action how the international community can and must handle this catastrophe. This is a critical juncture in our joint effort. We still have a lot of work ahead of us. And there will be no further progress unless there is a worldwide struggle. Some people want to slow our progress. Leaders that dismiss climate science are postponing climate change action," the US Vice President said.

Harris said that more needs to be done to maintain the 1.5-degree target.

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