It's the first of a series of payments President Obama has pledged
By: Timothy Cama | The Hill - MARCH 8, 2016
The Obama administration has made the first of its promised payments to the United Nations’ controversial climate change fund.
A State Department official said that the United States made the $500 million payment on Monday to the South Korea-based Green Climate Fund.
It’s the first of a series of payments President Obama has pledged.
“With this announcement, which comes less than three months after the historic Paris climate agreement, the United States continues to demonstrate leadership in the international climate arena,” the State official said. “This grant is the first step toward meeting the president’s commitment of $3 billion to the GCF and shows that the United States stands squarely behind our international climate commitments.”