Biden seeks to blow $1 billion on a UN climate fund that has already diverted $100 million to America's top adversary

President Joe Biden has pledged to blow $1 billion on a foreign eco-socialist fund that redistributes Western wealth to so-called vulnerable countries such as China, an adversarial superpower with a GDP pushing $18 trillion.

In his speech Thursday at the 2023 Major Economies Forum on Energy and Climate, Biden warned of the impact of bad weather on faraway nations, suggesting that "as large economies and large emitters, we must step up and support these economies."

Despite economic troubles at home, Biden stressed that he was "pleased" to announce that his administration "is going to provide $1 billion to the Green Climate Fund, a fund that is ... critical in ways to help developing nations that they can’t do now."

The White House confirmed that $1 billion of Americans' money would be sent to a United Nations Green Climate Fund, thereby bringing total U.S. contributions to the GCF to $2 billion. Biden indicated in 2021 he'd like to boost that number to $11 billion a year by 2024.

According to the GCF, this latest American contribution represents 1/12th of its current portfolio, which redistributes Western wealth, "delivering transformative climate action in 140 countries."

Henry Gonzalez, executive director of the UN's Green Climate Fund, responded to Biden's pledge, saying, "This money will provide urgently needed climate finance for the most vulnerable countries in the world. The USD 1 billion will increase the resilience of populations in Least Developed Countries, protect Small Island Developing States threatened by climate change, and support the transition to low-emission, climate-resilient development around the world."

The Washington Free Beacon noted that China — the genocidal nuclear superpower that ostensibly seeks to edge out the United States in partnership with Russia — has been a big-time beneficiary of the fund.

For instance, the GCF pledged $100 million to help "green" the economy of Shandong, a polluted province in China, itself the world's top carbon emitter.

The Institute for Energy Research reported that China's carbon dioxide emissions in 2020 — to say nothing of its plastic or heavy chemicals pollution — exceeded that of the U.S., the European Union, and India combined, totaling 10.7 billion metric tons.

Although it has exerted its economic might the world round and is the top polluter, China remains a net taker since the U.N. continues to classify it as a "developing nation."

However, the U.S. House of Representatives unanimously passed a bill last month directing the Secretary of State to strip the communist nation of its "developing country" label, reported The Hill.

According to the bill, "It should be the policy of the United States ... to oppose the labeling or treatment of the People's Republic of China as a developing country in any treaty or other international agreement to which the United States is a party; ... to oppose the labeling or treatment of the People's Republic of China as a developing country in each international organization of which the United States is a member; and ... to pursue the labeling or treatment of the People's Republic of China as an upper middle income country, high income country, or developed country in each international organization of which the United States is a member."

Despite this bipartisan consensus, Biden appears unwilling to condition support to the GCF or other foreign beneficiaries on making this concession.

Rep. Young Kim (R-Calif.), the lawmaker who sponsored the legislation to strip China of its developing country status, told the Free Beacon, "Handing over taxpayer dollars to subsidize the Chinese Communist Party is a bad investment and will do nothing to protect our national security or promote U.S. development globally."

"The Biden administration’s announcement of $1 billion to the Green Climate Fund, which sends millions to PRC projects, underscores the need to revoke the PRC’s developing country status and ensure the PRC plays by the rules in international agreements," added Kim.

Daniel Turner, executive director of the energy advocacy group Power the Future, has lambasted the Biden administration for "subsidizing countries like China," telling the Free Beacon, "China is building the equivalent of two new coal plants a week, and they don't deny it. Meanwhile, we're closing down our coal plants and giving China money for green products, which we'll then buy."

"So we're subsidizing them twice. And you just wonder — how much more in debt do we have to go? And how much more do we have to risk on national security?" added Turner.

In addition to indirectly funding America's top adversary, the GCF indicates on its site that Biden's investment on America's behalf is not guaranteed to accomplish much in the way of combating the specter of climate change. The GCF admits that its stated goal of limiting global warming is only "narrowly possible."

Although the ultimate aim may be futile, the GCF's website notes, "Climate change offers businesses an unprecedented chance to capitalise on new growth and investment opportunities."

Chinese state-owned businesses will be among those that can exploit these opportunities, made possible by the American taxpayer and Biden's extranational largess.

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