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Authorization of Appropriations for the Green Climate Fund for 2025-2026

This bill authorizes the appropriation of $4 billion for each of fiscal years 2025 and 2026 for contributions to the Green Climate Fund (GCF). The GCF is a multilateral fund designed to assist developing countries in reducing greenhouse gas emissions and adapting to climate change. The bill also establishes US policy regarding climate financing, emphasizing environmental justice and human rights.
Key points
Public Spending: Authorization of $4 billion for each of fiscal years 2025 and 2026 for contributions to the Green Climate Fund.
Purpose: Funds are directed to the Green Climate Fund to support projects in developing countries focused on reducing greenhouse gas emissions and adapting to climate change.
Policy Statement: Establishes a policy to provide climate financing that upholds environmental justice, gender equality, and the rights of indigenous peoples and impacted communities.
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Status:
Expired
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Additional Information
Print number: 118_S_4185
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2024-04-18