Sec. 214. Authorizing appropriations for United States contributions to the Green Climate Fund
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On behalf of the United States, the Secretary of the Treasury and the Secretary of State may contribute annually up to a total of $1,000,000,000 to the Green Climate Fund established by the United Nations (in this section referred to as the GCF ). The Secretary of the Treasury shall use the voice, vote, and influence of the United States to ensure that— the GCF does not provide more than approximately 15 percent of the resources of the Fund to any one country; each country that receives amounts from the GCF submit to the governing body of the Fund an investment plan that— energy production projects will achieve significant reductions in national-level greenhouse gas emissions; and adaptation projects provide long-term enhancements to national and food security; protect lives, livelihoods; or ensure lasting access to freshwater resources and public health outcomes; and in the case of a country that is not classified by the World Bank as having a low-income economy, provides for not less than 15 percent of the total cost of the plan to be contributed from the public funds of the country.
The Secretary of the Treasury shall use the voice, vote, and influence of the United States to ensure that support from the GCF is used exclusively to support the deployment by developing countries of clean energy technologies and development of projects that improve a countries’ resilience capacities and ability to adapt to the effects of climate change (including, where appropriate, through the provision of technical support or support for policy or institutional reforms). Not later than 240 days after the date of the enactment of this Act, and annually thereafter, the Secretary of the Treasury shall submit to the Committee on Foreign Relations and the Committee on Finance of the Senate and the Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives a report describing— the purpose of and progress on each project supported by the Fund; and how each such project furthers the investment plan described in subsection (b)(2) of each country in which the project is implemented.