Sec. 302. 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— shall jointly coordinate contributions to the Green Climate Fund; and may contribute to the Green Climate Fund, in addition to the amounts authorized under subsection (d), additional amounts from other relevant foreign assistance accounts. The Secretary of the Treasury shall use the voice, vote, and influence of the United States to ensure that— the Fund 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 Fund submits to the governing body of the Fund an investment plan that describes how— energy efficiency or production projects will achieve significant and lasting reductions in national-level greenhouse gas emissions; and adaptation projects will— provide long-term enhancements to national and food security; protect lives and livelihoods; ensure lasting access to freshwater resources; or advance 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, in consultation with the Secretary of State, shall use the voice, vote, and influence of the United States to ensure that support from the Fund is used exclusively to support the deployment by developing countries of clean energy technologies and the development of projects that improve the resilience capacities and ability of countries to adapt to the effects of climate change, including, as appropriate, through the provision of technical support or support for policy or institutional reforms.
In addition to the amounts authorized to be appropriated under section 301(h), there are authorized to be appropriated for contributions to the Green Climate Fund— $4,000,000,000 for fiscal year 2022; $4,000,000,000 for fiscal year 2023; $2,000,000,000 for fiscal year 2024; and $2,000,000,000 for fiscal year 2025. 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 appropriate congressional committees 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.