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(CNSNews.com) – Shaun Donovan, the director of the Office of Management and Budget under President Barack Obama, said on Friday that the world’s commerce will be harmed when climate change causes the nation’s financial center to be flooded and transportation to come to a halt.
“When the surging seas storm onto Wall Street that stifles commerce globally,” Donovan said at the Climate Action 2016 summit in Washington, D.C.
“When infrastructure buckles, U.S. airports or seaports shut down, we all get stuck,” Donovan said.
Donovan also said that crop damage from a heat wave in Russia in 2010 threatened global “food security” and that climate change is responsible for “political unrest,” including in Syria.
“In Syria, drought contributed to mass migration and urban unrest,” he said.
Donovan said he is “proud” the Obama administration has committed $3 billion to the Green Climate Fund, which is part of the United Nation’s framework.
According to its website, the fund “was established with a mission to advance the goal of keeping the temperature increase on our home planet below 2 degrees Celsius.”
As CNSNews.com reported earlier, Republican lawmakers are strongly opposed to using taxpayer funds to pay for climate change programs abroad.
Sen. John Barrasso (R-Wyo.) called the fund a “handout to foreign bureaucrats” that has not been approved by Congress.
“It appears to be the latest example of the administration going around Congress because the American people don’t really support what the president is doing with this initiative,” Barrasso said at a Senate Foreign Relations Committee meeting in March.