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US Program: Combating Global Deforestation and Protecting Forest Ecosystems.

This Act establishes an international program allocating up to $875 million annually from the US budget to combat global deforestation and protect key ecosystems. Funds are provided to developing countries only upon independent verification that they have achieved measurable results in forest conservation, aiming to stabilize the climate and protect biodiversity. This program indirectly supports global ecological security, which affects the daily lives of US citizens.
Key points
Public Spending: Authorization of up to $875 million annually from the US budget for international forest and ecosystem conservation projects (FY 2024-2027).
Payment for Results: Financial assistance is provided to partner countries only after independent verification of achieved goals, such as reduced deforestation or increased carbon sequestration.
Climate Impact: The program aims to enhance forest protection, supporting global climate efforts and safeguarding water and soil resources.
Geopolitics: Funds are also intended to counteract the influence and destructive industrial practices of 'countries of concern' (e.g., China, Russia) in developing nations.
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Additional Information
Print number: 118_HR_9867
Sponsor: Rep. Hoyer, Steny H. [D-MD-5]
Process start date: 2024-09-27