Biden Budget Gives Billions to Global Climate Programs

Biden Budget Gives Billions to Global Climate Programs

March 12, 2024

This week, President Biden released his proposed budget. The budget requests $11 billion in taxpayer dollars to support global climate initiatives. 

The Daily Caller reports,

“The budget request furthers Biden’s goal to allocate a total of $11 billion in taxpayer funds to support international climate initiatives, including a $500 million payment in 2025 to the United Nations’ Green Climate Fund. The Biden administration has made a major effort to reassert the U.S. as a leader in international climate diplomacy, even while countries like India and China are expanding their use of coal to produce power.”

The amount of taxpayer dollars allocated toward climate initiatives is unacceptable, especially if these dollars go overseas. This has been a common occurrence during the Biden administration, which has steadily raised the number since taking office. 

“Under the Biden administration, the U.S. has spent billions on international climate finance, with 2023 funding for such initiatives reaching approximately $9.5 billion, according to the budget request’s text. That figure is nearly six times larger than the amount of money the American government was spending on similar initiatives in 2021, when Biden took office.”

American families continue to suffer from higher gas prices and inflation thanks to the Biden administration’s chokehold on our energy sector. Americans want cheaper gas and lower energy costs, but instead, Biden will give away billions of dollars to foreign climate programs that will only hurt the American economy.