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Obama Requests $770 Million to Fight Global Warming Overseas

Posted By admin On March 27, 2012 @ 3:03 am In Money Watch | Comments Disabled

Matt Cover
CNS News [1]
March 27, 2012

The Obama administration has requested $770 million in federal funds to combat the effects of global warming in developing countries, a new congressional report details, continuing its policy of using foreign aid to combat the effects of global warming in the developing world.

The figure, from a recent report from the Congressional Research Service (CRS), shows that despite another year of $1 trillion deficits, the Obama administration continues to pursue its policy of using foreign aid funds for anti-global warming measures – known as the Global Climate Change Initiative (GCCI).

According to CRS, the government has spent a total of $2.5 billion on GCCI since 2010 on overseas anti-global warming efforts in Latin America, Asia, and Africa.

For 2013, the Obama administration has requested an additional $770 million for its policy, a figure that if approved by Congress would bring total foreign climate change spending to $3.3 billion.

The administration uses the money to fund three types of anti-global warming foreign aid: adaptation, clean energy, and sustainable landscapes.

Full article here [1]


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