Home > climate change > Obama to propose $1 billion climate fund

Obama to propose $1 billion climate fund

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Top: California as seen by NASA’s Terra satellite, Jan. 18, 2013

Bottom: California as seen by NASA’s Terra satellite, Jan. 18, 2014

Images courtesy NASA

The White House said Friday that President Barack Obama will ask Congress to invest $1 billion in a fund aimed at helping researchers  improve understanding of climate change impacts, affected communities cope with impacts of the changing climate, and fund infrastructure needed to mitigate climate risk.

The proposal will be included in the administration’s fiscal year 2015 budget request to Congress.

“In addition to responding to the immediate drought in California, the President believes that we must do more to help communities across the country become more resilient to the effects of climate change,” according to a fact sheet released by the White House. “Recent events have reinforced our knowledge that our communities and economy remain vulnerable to extreme weather and natural hazards.”

Obama planned to pitch the Climate Resilience Fund idea during a speech in California Friday.

The fund is not the only financial response to ongoing climate change impacts pursued by the White House.

Obama is also planning to provide tens of millions of dollars of assistance to communities affected by drought, as well as watershed and soil conservation and protection of livestock.

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