Global Environmental Facility
In order for the international community to commit to significant emissions reductions, you suggest that developed countries should substantially increase GEF's climate change funds. The GEF is a program managed by the World Bank and the UN that provides grants to developing countries to help them meet international legal obligations on issues such as climate change.
As the president of the United States crafting national and international strategies for dealing with climate change, you have made a series of decisions. Let's analyze the implications of each of your choices.
First, you decided to subsidize renewable energy. This was a great decision as you have made the transition to low-cost renewable energy alternatives easier. Over time, the wind and nuclear energy industries will use your subsidies to innovate and drive down their costs. As renewable energy costs decrease, more and more businesses will spurn fossil fuels for renewables to fuel their industrial efforts. This will help the US meet its future emission reduction goals.
Second, you chose to pursue an international agreement on climate change. Your strategy to get developing countries on board by providing grants through the Global Environmental Facility was successful as many countries such as China, India, and Brazil supported your initiative. The international community has finally agreed to binding emissions standards. The standards are not high enough to single-handedly avoid the two degree Celsius tipping point, but this agreement is certainly a huge step in the right direction.
Overall, you have done an excellent job. You made solid progress with regards to domestic energy policy. Furthermore, you crafted a monumental agreement with the international community to ramp up its climate change response. Hopefully, your efforts will create the momentum for even greater efforts later on.