Obama to propose $1 billion climate fund

(AP Photo/Carlos Osorio)

(AP Photo/Carlos Osorio)

POLITICO — President Barack Obama will ask Congress to set up a $1 billion “Climate Resilience Fund” in his proposed budget next month.

Obama is traveling to Fresno, Calif., on Friday to discuss the drought plaguing most of California and the Western U.S. and to announce new administration actions, including the proposed billion-dollar climate fund.

The fund, according to the White House, would go to research on the projected impacts of climate change, help communities prepare for climate change’s effects and fund “breakthrough technologies and resilient infrastructure.”

Read more at POLITICO.

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