The announcement, which was first reported by The Guardian, particularly shines a spotlight on Australian Prime Minister Tony Abbott, who has said his nation will not pay into the fund — and who has played a role in keeping climate change off the list of priorities of the G20 summit. Abbott’s government also dismantled a carbon tax program and is viewed as being skeptical on mainstream climate science findings.
The money, which would be paid into a U.N. fund known as the Green Climate Fund (GCF), would be subject to congressional approval, which could be complicated due to the incoming Republican majorities’ resistance to both foreign aid programs and climate policy.
The fund was created in 2010 as a way for industrialized nations to help developing countries boost their climate resilience and reduce their use of fossil fuels, such as coal, which contribute to global warming.
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