WASHINGTON, DC – U.S. Senator Robert Menendez today released the following statement regarding the Administration's announcement of a $3 billion pledge to the Green Climate Fund (GCF):
“The announced $3 billion pledge is exactly what’s needed to bring developing countries to the table for a meaningful climate agreement in Paris next year. It’s also what’s needed to help developing countries build cleaner economies and help them more effectively withstand the impacts of climate change. President Obama deserves a great deal of credit for building off President George W. Bush's $2 billion pledge for the Climate Investment Fund and positioning the U.S. as a global leader on climate. This announcement, combined with the historic announcement with China earlier in the week, shows that the U.S. is serious about addressing climate change and is willing to lead the way.”
This announcement follows a letter last week to President Barack Obama urging a continuation of strong international climate leadership from Menendez, Chairman of the Foreign Relations Committee, along with fellow Senate Committee Chairs Boxer, Wyden and Murray. Their letter to the Administration included a request to make a substantial pledge to the GCF.