While China builds coal fired electricity plants by the dozens

Biden administration will reportedly pay into United Nations fund to compensate countries for climate change, and China will be eligible for handouts

PAUL SACCA

NOVEMBER 19, 2022

The Biden administration has agreed to pay into a United Nations fund to compensate countries that have experienced damages from climate change, according to new reports. 

The 2022 United Nations Climate Change Conference, commonly referred to as COP27, is being held in Sharm El Sheikh, Egypt. There are representatives from approximately 190 counties at COP27. 

There are talks to launch a fund to compensate poor, developing countries that suffer damages related to climate change. Multiple reports state that the United States has finally agreed to contribute to the fund, which it had rejected for years. 

The New York Times reported, "The United States is willing to accept the creation of a fund to compensate poor, developing countries for climate damage, reversing decades of opposition and marking a major