On Thursday, the White House will host the virtual leader-level meeting of the Major Economies Forum on Energy and Climate.
This is the fourth time since taking office that President Joe Biden is convening the meeting to galvanize efforts needed to tackle the climate crisis and keep a 1.5°C limit on warming within reach.
At today's meeting, the President will highlight new steps the United States is taking to meet its ambitious 1.5°C-aligned goal of reducing emissions 50-52 percent in 2030. The President will also announce significant new steps the United States is taking to support developing countries in taking stronger climate action - including providing $1 billion to the Green Climate Fund and requesting $500 million for the Amazon Fund and related activities.
For comments and feedback contact: editorial@rttnews.com
Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.