President Biden on Thursday will announce additional funding to speed up the global energy transition as he convenes with other nations on climate change. During a meeting of the Major Economies Forum on Energy and Climate (MEF), Biden will announce that the U.S. is providing $1 billion for the Green Climate Fund, which pays for low-carbon and climate-resilient projects in developing countries. Biden will also request $500 million over five years to support anti-deforestation efforts in Brazil – though Congress often does not allocate funds that the president asks for, according to a White House fact sheet. The fact sheet also said that the U.S. will announce “critical new step
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