The Biden administration announced that the U.S. was on track to spend more than $9 billion dollars on “climate finance” internationally in 2023, according to a report released by the State Department on Saturday.
The report, which was an update on the status of President Joe Biden’s pledge to dump billions into climate funding domestically and internationally, estimated that the U.S. would spend at least $9.5 billion on climate programs in 2023, nearly $4 billion more than the $5.8 billion spent in 2022.
Biden has aggressively pushed a so-called “transition” away from traditional energy sources during his time as president despite concerns about the cost and efficiency of new energy sources. Just months after taking office, Biden announced that the U.S. would send over $11 billion in “climate support” overseas per year by 2024.
