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Photo by Al Drago-Pool/Getty Images

The White House released an international finance strategy Thursday that aims to help other nations fight climate change.

The big picture: A major part of the wide-ranging plan, released as the White House climate summit takes place, calls for Congress to approve big increases in U.S. financing to help other nations curb emissions and adapt to warming.

  • It includes steps the executive branch can take on foreign aid and U.S. development finance agencies and corporations.
  • The document notes that the U.S. is only responsible for 15% of annual global emissions.

How it works: The plan includes making climate-related investments a priority for the U.S. International Development Finance Corporation, the Millennium Challenge Corporation and the Export-Import Bank of the United States.

  • It says that U.S. agencies "will seek to end international investments in and support for carbon intensive fossil fuel-based energy projects."
  • However, it says that in "limited circumstances" there may be "compelling development or national security" reasons to continue support for fossil projects.
  • Part of that effort to scale back fossil finance includes the Treasury Department working with OECD partners to have their export credit agencies "reorient financing away from carbon-intensive activities."

What they're saying: The environmental group Friends of the Earth said the plan falls short despite some new restrictions.

They cited the absence of an explicit commitment to curb financing for fossil fuel projects through the Export-Import Bank, among other criticisms.

Go deeper: All the new emissions targets announced at Biden’s climate summit

Go deeper

Ben Geman, author of Generate
Jul 30, 2021 - Politics & Policy

Climate and energy takeaways from the bipartisan infrastructure plan

Illustration: Sarah Grillo/Axios

The Senate's on the cusp of debating a big energy and climate package that says plenty about today's political and scientific moment.

Catch up fast: Text of the bipartisan infrastructure plan isn't out yet, but a summary in circulation and releases from lawmakers and the White House offer contours of the proposal.

Asymptotic Florida students exposed to COVID no longer have to quarantine

Florida Gov. Ron DeSantis during a September news conference in Viera, Fla. Photo: Paul Hennessy/SOPA Images/LightRocket via Getty Images

Florida Gov. Ron DeSantis (R) announced Wednesday an emergency order allowing parents to decide whether their children should quarantine or stay in school if they're exposed to COVID-19, provided they're asymptomatic.

Why it matters: People infected with COVID-19 can spread the coronavirus starting from two days before they display symptoms, according to the CDC. Quarantine helps prevent the virus' spread.

Federal judge says Florida ban on "sanctuary cities" racially motivated

Florida Gov. Ron DeSantis. Photo: Joe Raedle/Getty Images

A federal judge on Tuesday struck down parts of a Florida law aimed at banning local governments from establishing "sanctuary city" policies, arguing in part that the law is racially motivated and that it has the support of hate groups.

Why it matters: In a 110-page ruling issued Tuesday, U.S. District Judge Beth Bloom said the law — signed and championed by Gov. Ron DeSantis (R) — violates the Constitution's Equal Protection Clause because it was adopted with discriminatory motives.