Geoscience Reference
In-Depth Information
Fiscal Year (FY) 2014 budget, and we will continue to collaborate with
partners around the world toward this goal.
Leading Global Sector Public Financing Towards Cleaner Energy
: Under
this Administration, the United States has successfully mobilized billions of
dollars for clean energy investments in developing countries, helping to
accelerate their transition to a green, low-carbon economy. Building on these
successes, the President calls for an end to U.S. government support for public
financing of new coal plants overseas, except for (a) the most efficient coal
technology available in the world's poorest countries in cases where no other
economically feasible alternative exists, or (b) facilities deploying carbon
capture and sequestration technologies. As part of this new commitment, we
will work actively to secure the agreement of other countries and the
multilateral development banks to adopt similar policies as soon as possible.
Strengthening Global Resilience to Climate Change:
Failing to prepare
adequately for the impacts of climate change that can no longer be avoided
will put millions of people at risk, jeopardizing important development gains,
and increasing the security risks that stem from climate change. That is why
the Obama Administration has made historic investments in bolstering the
capacity of countries to respond to climate-change risks. Going forward, we
will continue to:
Strengthen government and local community planning and response
capacities, such as by increasing water storage and water use
efficiency to cope with the increased variability in water supply
Develop innovative financial risk management tools such as index
insurance to help smallholder farmers and pastoralists manage risk
associated with changing rainfall patterns and drought
Distribute drought-resistant seeds and promote management practices
that increase farmers' ability to cope with climate impacts.
Mobilizing Climate Finance:
International climate finance is an important
tool in our efforts to promote low-emissions, climate-resilient development. We
have fulfilled our joint developed country commitment from the Copenhagen
Accord to provide approximately $30 billion of climate assistance to
developing countries over FY 2010-FY 2012. The United States contributed
approximately $7.5 billion to this effort over the three year period. Going
forward, we will seek to build on this progress as well as focus our efforts on
combining our public resources with smart policies to mobilize much larger
