President Donald Trump’s administration is urging allies to invest in renewable power sources, with an eye on helping the U.S. meet its 2020 greenhouse gas emissions targets.
Trump is also pressing his allies to increase investments in green energy infrastructure.
The administration is working on a green energy investment plan to help U.N. members meet their 2030 greenhouse gas targets, according to the U,S.
The Green Investment Initiative will focus on providing loans, tax credits, and other forms of financial support to U.s. and partner nations to help them develop renewable energy sources, the department said in a statement.
The administration has also signaled a push to bolster international cooperation in areas such as climate change and energy efficiency.
Trump has already called for a United Nations deal to tackle climate change.
The White House said Thursday it would provide $1.2 billion in loans to help nations tackle climate risks, including the $1 billion to the International Energy Agency (IEA), to create a carbon trading system that would enable U.n. member countries to sell credits to one another and to encourage investments in clean energy.
Trump’s administration has said the U:s emissions reductions target for 2020 is well within the internationally agreed-upon goal of a 26 percent cut in emissions by 2030.