With just three days left in his term Obama is taking steps to safeguard the historic Paris climate agreement — to the tune of $500 million.
On Tuesday, Obama transferred the sum to the Green Climate Fund, a trust created in 2010 to allow wealthy countries to financially assist developing nations in reducing emissions.
The United States has pledged a total of $3 billion to the fund. Combined with an earlier $500 million payment made in March 2016, the U.S. still owes $2B — a debt of which President-elect Donald Trump has pledged to pay none. Read more