Bill > HR3961

This bill authorizes the appropriation of $4 billion for each of the fiscal years 2024 and 2025 to contribute to the Green Climate Fund (GCF). The GCF is an international fund established to help developing countries limit or reduce greenhouse gas emissions and adapt to climate change. The bill also outlines the policy of the United States to provide climate financing that upholds principles of environmental and climate justice, supports community-developed programs, protects human rights, and addresses both mitigation and adaptation. The bill notes that the climate financing needs to achieve the Paris Agreement's goal of limiting global warming to 1.5 degrees Celsius are significantly greater than the amount of funds authorized in the bill.