The fund is to be included in the 2015 budget proposals

Feb 19, 2014 15:44 GMT  ·  By

Just recently, US President Barack Obama traveled to California, and used the opportunity to announce plans to establish a $1 billion (€0.72 billion) so-called climate resilience fund.

The president further detailed that this fund was to be included in the 2015 budget proposals, and, if approved, would serve help the country better deal with droughts, floods and other natural disasters brought about by climate change and global warming.

More precisely, this sum of money is to be spent on climate risk analysis and assessment, and implementing climate resilience measures in communities that are the most vulnerable to the effects of climate change and global warming.

“We have to be clear a changing climate means that weather related disasters like droughts, wildfires, storms and floods are potentially going to be costlier and harsher,” the US president said, as cited by Business Green.

“We are going to have to stop looking at these disasters as something to wait for, and we have got to start looking at these disasters as something to prepare for, to anticipate, to start building infrastructure,” he went on to argue.