MASSACHUSETTS MAY BECOME FIRST STATE TO SEND MONEY TO LOW-INCOME COUNTRIES TO DEAL WITH CLIMATE CHANGE

Rachel M. Cohen, In These Times, September 16, 2021 (link)

A groundbreaking bill would provide funding from U.S. residents to help developing nations respond to the climate crisis.

As unprecedented natural disasters ravage the United States, while federal commitments to climate finance have lagged, the Massachusetts legislature is poised to make a statewide commitment to global climate initiatives. A bill winding its way through the Massachusetts House and Senate could make the state the first in the nation to legislate in support of international climate finance — that is, the transfer of money to low-income countries so they can reduce their carbon emissions and respond to threats of climate change. 

The legislation would create a voluntary check-off option for Massachusetts residents to donate through their annual tax returns to the Least Developed Countries Fund, a multilateral fund established in 2001 under the UN Framework Convention on Climate Change to help low-income nations adapt to the climate crisis. 

“I think it’s very important for states to step up,” said bill sponsor Tony Cabral, a Democratic representative from the 13th Bristol District in Massachusetts who has served in office for 30 years.

Supporters say the bill can help elevate the oft-ignored climate justice issue and its impact on vulnerable countries which usually receive scant attention. Both the Least Developed Countries Fund and the Green Climate Fund serve the Paris Agreement, adopted by the United States and other major countries in 2015, but they are separate entities and any revenue raised for the former would not count toward the U.S. government’s pledges to the latter.