US vows to boost climate financing to developing nations

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"Think globally" is needed in the case of superpowers like the US, who have the resources to help not just itself, but other less able countries. Like the pandemic, climate issues do not discriminate, and hence, no one is safe until everyone is safe. Thinking globally to help others is in a way helping oneself. Transnational or global issues like climate change cannot be solved satisfactorily if we just focus our efforts (whether thinking or doing) locally.

the US launched a plan laying out its vision for financing the world's response to climate change, in recognition of the urgency of the climate crisis

Qn: "Think globally, act locally." Do you think this is the right approach to solving the world's environmental problems?