[Daily Mail, where America gets its news] Or not, if Congress does not approve it. President Obama used to make grandiose promises when at international conferences, too, that eventually came to nothing. I seem to recall President Clinton doing the same, back when he was large and in charge. Is this a Democratic Party thing? - The fund, negotiated at the UN's COP27 Summit, was originally known as a 'loss and damage' fund and had been blocked by previous administrations
- The deal is already more than a day late, as nearly 200 nations were anxious for an accord they could bill as a step forward in the fight against climate change
- The nations involved are largely from Asia, Africa, Latin America, the Caribbean and the south pacific
- Biden was granted $1 billion to help developing countries tackle climate change, although it's unclear if that cash will go into this fund
- The president also faces having his plans stymied by the GOP-majority house, which would have to approve any funding
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