The bill would authorize $4 billion per year for fiscal years 2026 and 2027 for contributions to the Green Climate Fund. The fund supports projects in developing countries that reduce greenhouse gas emissions, restore natural carbon storage, or help communities adapt to climate change. The bill also states that climate financing should support environmental and climate justice, respect human rights, and include impacted communities in project decisions.
If enacted and funded, the bill would support international climate projects through the Green Climate Fund. It does not describe direct payments or services for individuals in the United States.
The bill authorizes up to $4 billion in contributions for each of fiscal years 2026 and 2027. This is authorization for appropriations, not a guarantee that the funds will be provided. The bill says climate financing needs are greater than the amounts it authorizes.
The bill's findings say that developing countries need more support to reduce emissions and adapt to climate impacts. It presents the Green Climate Fund as a way to provide that support while including environmental, social, and gender protections.
No publicly available information.