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US HB2997
Bill
Status
Introduced
4/24/2025
Primary Sponsor
Adriano Espaillat
Click for details
AI Summary
- Authorizes $4,000,000,000 per year for fiscal years 2026 and 2027 for U.S. contributions to the Green Climate Fund, a multilateral fund helping developing countries reduce emissions and adapt to climate change
- Notes the U.S. pledged $3,000,000,000 in 2014 to the Fund's initial mobilization but has only contributed $2,000,000,000 total as of June 2023
- Establishes U.S. policy that climate financing must uphold environmental and climate justice principles, obtain free prior informed consent from indigenous peoples, promote gender equality, and address both mitigation and adaptation
- References the 2009 Copenhagen Accord commitment by developed countries to mobilize $100,000,000,000 annually starting in 2020 for developing country climate action, and UN estimates that adaptation needs may reach $300,000,000,000 annually by 2030
- Expresses sense of Congress that the authorized funding falls significantly short of what is needed to limit global warming to 1.5 degrees Celsius
Legislative Description
Green Climate Fund Authorization Act of 2025
International affairs
Last Action
Referred to the House Committee on Foreign Affairs.
4/24/2025
Committee Referrals
Foreign Affairs4/24/2025
Full Bill Text
No bill text available