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Biden to Pledge Climate Aid for Developing Nations Next Week

  • World is watching to see what U.S. devotes to climate finance
  • Aim is to help poor nations pursue clean energy and adapt
Joe Biden
Joe BidenPhotographer: Andrew Harrer/Bloomberg

The Biden administration is set to announce next week a plan for distributing billions of dollars more in aid to help developing nations adapt to global warming and embrace clean energy, according to people familiar with the matter.

The Treasury Department will deliver a blueprint for the spending as President Joe Biden prepares to convene the leaders of up to 40 nations in a climate summit Thursday, said the people, who asked for anonymity before a formal announcement.