International Climate Finance Plan

In the Biden Administration's Executive Order 14008, Tackling the Climate Crisis at Home and Abroad (EO), on Jan. 27, 2021, President Joe Biden called for a climate finance plan "making strategic use of multilateral and bilateral channels and institutions, to assist developing countries in implementing ambitious emissions reduction measures, protecting critical ecosystems, building resilience against the impacts of climate change, and promoting the flow of capital toward climate-aligned investments and away from high-carbon investments."

Building on this commitment, the administration on April 22, 2021, released the U.S. International Climate Finance Plan (International Climate Plan or the Plan).  The stated goal of the International Climate Plan is: The United States intends to double, by 2024, our annual public climate finance to developing countries relative to the average level during the second half of the Obama-Biden Administration (FY 2013-2016). As part of