Biden calls for global support on climate action with new funding pledge
President Joe Biden urged world leaders at the G20 summit to increase financial support for developing countries to combat climate change. He announced a $325 million contribution to the World Bank to help these nations transition away from fossil fuels. Biden's climate initiatives face uncertainty as President-elect Donald Trump, who has previously rolled back environmental policies, is set to take office. Trump has expressed skepticism about climate change and plans to withdraw from the Paris climate accord. Despite these challenges, Biden emphasized the importance of global cooperation in addressing climate issues. He highlighted the need for financial resources to support vulnerable countries and announced additional pledges, including a $4 billion commitment to the International Development Association.