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US HR4986

US HR4986
Green Climate Fund Authorization Act of 2019


summary

Introduced
11/05/2019
In Committee
11/05/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To authorize appropriations for climate financing, and for other purposes. This bill authorizes U.S. contributions to the Green Climate Fund, a fund established under the United Nations Framework Convention on Climate Change to finance projects to address climate change. Specifically, the bill authorizes contributions as necessary to (1) achieve the greenhouse gas emissions reduction goals under the Paris Agreement, and (2) exceed the commitment by developed countries to jointly mobilize $100 billion for climate financing each year.

AI Summary

This bill authorizes U.S. contributions to the Green Climate Fund, an international fund established under the United Nations Framework Convention on Climate Change to finance projects that address climate change. Specifically, it authorizes funding as necessary to achieve the greenhouse gas emissions reduction goals under the Paris Agreement and to exceed the commitment by developed countries to jointly mobilize $100 billion per year for climate financing. The bill also outlines policy principles, such as upholding environmental and climate justice, supporting projects with indigenous consent, and promoting gender equality, that should guide the use of climate financing.

Committee Categories

Military Affairs and Security

Sponsors (28)

Last Action

Referred to the House Committee on Foreign Affairs. (on 11/05/2019)

bill text


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