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US Financial Support for Global Climate Change Efforts

This bill proposes allocating billions of dollars to support developing countries in combating climate change. It aims to help protect the most vulnerable communities worldwide from the effects of global warming by funding projects that reduce emissions and aid in adapting to new conditions.
Key points
The US plans to allocate $4 billion annually in 2024 and 2025 to the Green Climate Fund, supporting global climate action.
Funds are intended to help developing countries reduce greenhouse gas emissions and adapt to climate change, with a focus on the most vulnerable communities.
The bill emphasizes climate and environmental justice, ensuring supported projects protect human rights and consider the needs of marginalized groups.
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Additional Information
Print number: 118_HR_3961
Sponsor: Rep. Espaillat, Adriano [D-NY-13]
Process start date: 2023-06-09