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Obama Proposes $1 Billion Climate Protection Fund

The new Climate Resilience Fund is intended to finance research into better understanding of projected impacts of climate change.

Via AFP:

President Barack Obama proposed a $1 billion fund to mitigate the impact of climate change in the United States, and unveiled financing to combat drought parching swathes of California.

The president landed in the Central Valley area and met farmers who have lost livestock and seen once fertile lands wither through lack of water.

"The budget that I send to Congress next month will include $1 billion in new funding for new technologies to help communities prepare for a changing climate," Obama said on Friday.

The president also noted that the snowpack in California mountains -- which ...

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