,,ii #aah? ,,congress #b;d ,session ,s4 #dahe ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #ah1 #bjbd,mr4 ,m]kley 7= himself1 ,mr4 ,m>key1 & ,mr4 ,s&]s7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,=eign ,relations ,a ,,bill ,to au?orize appropriations = climate f9anc+1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,gre5 ,climate ,fund ,au?orization ,act ( #bjbd4 #b4 ,f9d+s ,congress f9ds t-- 7#a7 climate *ange mo/ sev]ely impacts vuln]able & disadvantag$ communities 9 ! ,unit$ ,/ates & ar\nd ! _w2 7#b7 x is ! responsibility ( ! ,unit$ ,/ates ,gov]nm5t to "w ) its global p>tn]s to promote environm5tal ju/ice & climate ju/ice2 7#c7 ! #bjbc report ( ! ,int]gov]nm5tal ,panel on ,climate ,*ange1 entitl$ ,,ar#f ,syn!sis ,report3 ,climate ,*ange #bjbc1 f\nd t curr5t global f9ancial fl[s = climate adaptation are insuffici5t =1 & con/ra9 implem5tation (1 climate adaptation options1 especially 9 develop+ c\ntries2 7#d7 ! report ( ! ,unit$ ,nations ,environm5t ,programme entitl$ ,climate ,*ange & ! ,co/ ( ,capital 9 ,develop+ ,c\ntries1 dat$ ,may #bjah1 f\nd t1 9 ! #aj ye>s prior to ! publication ( ! report1 climate vuln]ability _h co/ ! #bj nations mo/ affect$ by cata/rophes root$ 9 climate *ange an additional #fb1jjj1jjj1jjj 9 int]e/ paym5ts alone2 7#e7 individuals & families1 p>ticul>ly communities ( color1 indig5\s communities1 & l[-income communities1 t are on ! frontl9es ( climate *ange across ! globe are (t5 9 close proximity to environm5tal /ressors or s\rces ( pollution2 7#f7 ! communities describ$ 9 p>agraph 7#e7-- 7,a7 are (t5 ! fir/ expos$ to ! causes & impacts ( climate *ange2 & 7,b7 h ! fewe/ res\rces ) :i* to mitigate ^? impacts or to relocate2 7#g7 all ef=ts to adapt to & mitigate climate *ange mu/ include specific protections = & ackn[l$gm5t ( ! h>m ( climate *ange to communities ( color1 indig5\s peoples1 wom51 & o!r frontl9e communities & m>g9aliz$ peoples ar\nd ! _w2 7#h7 9 ,p>is1 on ,decemb] #ab1 #bjae1 ! p>ties to ! ,unit$ ,nations ,framework ,conv5tion on ,climate ,*ange adopt$ ! ,p>is ,agreem5t1 a b5*m>k agreem5t-- 7,a7 to combat climate *ange2 & 7,b7 to accel]ate & int5sify ! actions & inve/m5ts ne$$ = a su/a9able l[ c>bon future2 7#i7 ! ,p>is ,agreem5t1 to :i* ! ,unit$ ,/ates is a p>ty1 ackn[l$ges1 ,p>ties %\ld1 :5 tak+ action to address climate *ange1 respect1 promote & consid] _! respective obligations on human rights1 ! "r to heal?1 ! rights ( indig5\s peoples1 local communities1 migrants1 *ildr51 p]sons ) disabilities & p 9 vuln]able situations & ! "r to developm5t1 z well z g5d] equality1 emp[]m5t ( wom5 & int]g5]ational equity42 7#aj7 ! ,p>is ,agreem5t-- 7,a7 notes ! importance ( climate ju/ice :5 mitigat+ & adapt+ to climate *ange2 & 7,b7 recognizes ! ne$ = an effective & progressive response to ! urg5t ?reat ( climate *ange2 7#aa7 x is imp]ative = all c\ntries to und]take mitigation activities to rapidly meet ! goal ( limit+ global w>m+ to n m ?an #a4e degrees ,celsius2 7#ab7 develop$ c\ntries h ! greate/ capacity to mitigate _! gre5h\se gas emissions1 :ile-- 7,a7 develop+ c\ntries h ! lea/ capacity to engage 9 mitigation activities2 & 7,b7 ! capacity ( develop+ c\ntries to engage 9 mitigation activities is less ?an ! national mitigation pot5tial ( ^? develop+ c\ntries2 7#ac7 ! det]m9ation = ! fair %>e ( mitigation & adaptation activities = ea* c\ntry mu/ take into acc\nt-- 7,a7 ! hi/oric gre5h\se gas emissions ( ea* c\ntry2 & 7,b7 ! curr5t capacity ( ea* c\ntry to bo? mitigate gre5h\se gas emissions & adapt to climate impacts2 7#ad7 develop$ c\ntries t h hi/orically emitt$ a disproportionately high %>e ( gre5h\se gas emissions1 & reap$ ! economic b5efits ( ^? pollut+ activities1 h a correspond+ & disproportionately great] responsibility to engage 9 global mitigation & adaptation activities ?an less indu/rializ$ c\ntries t h hi/orically pollut$ f> less2 7#ae7 ! only reali/ic way = less indu/rializ$ c\ntries to meet _! full mitigation pot5tial is ?r\gh int]national climate f9anc+ by m develop$ c\ntries2 7#af7 9 ! #bjji ,cop5hag5 ,accord1 develop$ c\ntries committ$ to jo9tly mobilize1 />t+ 9 #bjbj1 #ajj1jjj1jjj1jjj p] ye> 9 public climate f9anc+ 7z well z private inve/m5ts & o!r alt]native =ms ( f9ance7 = develop+ c\ntries1 a commitm5t reaffirm$ 9 #bjae 9 ,decision #a_/;,,cp4#ba ( ! ,unit$ ,nations ,framework ,conv5tion on ,climate ,*ange1 ,adoption ( ! ,p>is ,agreem5t2 7#ag7 ! #ajj1jjj1jjj1jjj commitm5t describ$ 9 p>agraph 7#af7 0 a political compromise t falls %ort ( ! actual f9anc+ ne$s = climate action 9 develop+ c\ntries2 7#ah7 ,bloomb]g ,new ,en]gy ,f9ance has e/imat$ t ! transition to r5ewable en]gy s\rces 9 develop+ c\ntries w require hundr$s ( billions ( doll>s annually2 7#ai7 ! ,unit$ ,nations ,environm5t ,programme has e/imat$ t adaptation ne$s relat+ to climate *ange 9 develop+ c\ntries may be z mu* z #chg1jjj1jjj1jjj annually by #bjcj2 7#bj7 ! ,gre5 ,climate ,fund 0 creat$ 9 #bjaj by #aid c\ntries to s]ve z a crucial f9anc+ me*anism to help develop+ c\ntries limit or r$uce gre5h\se gas emissions & adapt to climate *ange2 7#ba7 9 #bjae1 ! ,unit$ ,nations ,framework ,conv5tion on ,climate ,*ange agre$ t ! ,gre5 ,climate ,fund %\ld s]ve ! goals ( ! ,p>is ,agreem5t1 :i* /ates t develop$ c\ntry ,p>ties %all provide f9ancial res\rces to assi/ develop+ c\ntry ,p>ties ) respect to bo? mitigation & adaptation 9 cont9uation ( _! exi/+ obligations "u ! ,conv5tion2 7#bb7 ! ,gre5 ,climate ,fund is an ess5tial in/itution = climate f9anc+1 z ! ,gre5 ,climate ,fund ensures-- 7,a7 balanc$ gov]nance betwe5 develop$ & develop+ c\ntries2 7,b7 /akehold] engagem5t & disc\rse2 7,c7 a balanc$ approa* betwe5 mitigation & adaptation2 7,d7 fair & equal labor & work+ conditions2 7,e7 cons]vation ( biodiv]sity & critical habitats2 & 7,f7 /rong environm5tal1 social1 & g5d] protections2 7#bc7 ! ,gre5 ,climate ,fund-- 7,a7 promotes & protects human rights & ! rights ( m>g9aliz$ gr\ps1 includ+ indig5\s peoples1 wom51 *ildr51 & p ) disabilities2 & 7,b7 cont9ues to take /eps to /r5g!n protections = m>g9aliz$ gr\ps2 7#bd7 9 #bjad1 ! ,unit$ ,/ates ann\nc$ its int5tion to contribute #c1jjj1jjj1jjj ( ! fir/ #aj1jjj1jjj1jjj rais$ = ! initial res\rce mobilization p]iod ( ! ,gre5 ,climate ,fund1 b ultimately fail$ to fully honor ?is commitm5t2 7#be7 pl$ges = ! fir/ repl5i%m5t p]iod ( ! ,gre5 ,climate ,fund 7,,gcf-#a7 total$ #i1hgj1jjj1jjj1 )\t any p>ticipation f ! ,unit$ ,/ates2 7#bf7 almo/ all major contributors d\bl$ ! am\nt ( _! contribution f ! initial res\rce mobilization phase = ! ,,gcf-#a repl5i%m5t2 7#bg7 9 ,decemb] #bjbc1 at ! ,,cop#bh climate negotiations 9 ! ,unit$ ,arab ,emirates1 ! ,unit$ ,/ates ann\nc$ its int5tion to contribute an additional #c1jjj1jjj1jjj = ! ,gre5 ,climate ,fund's second repl5i%m5t p]iod 7,,gcf-#b72 7#bh7 z ( ,febru>y #bjbd1 ! ,unit$ ,/ates has contribut$ only #b1jjj1jjj1jjj 9 total fund+ to ! ,gre5 ,climate ,fund2 & 7#bi7 ! ,gre5 ,climate ,fund is ! _w's l>ge/ & mo/ innovative multilat]al climate fund1 & is a fully op]ational & prov5 in/itution support+ ne>ly #bej projects 9 #abi develop+ c\ntries4 #c4 ,/atem5t ( policy ,x is ! policy ( ! ,unit$ ,/ates to provide climate f9anc+-- 7#a7 z an ess5tial "p ( ! global ef=t to combat climate *ange2 & 7#b7 t-- 7,a7 upholds ! pr9ciples ( environm5tal ju/ice & climate ju/ice2 7,b7 supports programs & projects develop$ by recipi5t c\ntries & communities2 7,c7 is design$ & implem5t$ ) ! free1 prior1 & in=m$ cons5t ( indig5\s peoples & o!r impact$ communities2 7,d7 promotes g5d] equality z ess5tial 9 all ( ! projects & programs support$ by climate f9anc+2 7,e7 includes be/ practices = environm5tal & social safegu>ds to ensure t projects & programs support$ by climate f9anc+ respect fundam5tal human rights2 & 7,f7 addresses mitigation1 adaptation1 & ! treatm5t ( loss & damage z ess5tial aspects ( respond+ to climate *ange4 #d4 ,au?orization ( appropriations 7a7 ,9 g5]al ,!re is au?oriz$ to be appropriat$ = contributions to ! ,gre5 ,climate ,fund #d1jjj1jjj1jjj = ea* ( fiscal ye>s #bjbe & #bjbf4 7b7 ,s5se ( ,congress ,x is ! s5se ( ,congress t ! climate f9anc+ ne$$ to a*ieve ! gre5h\se gas emissions r$uctions necess>y to keep ! planet at or bel[ #a4e degrees ,celsius ( global w>m+ is significantly great] ?an ! am\nt ( funds au?oriz$ to be appropriat$ "u subsection 7a74 #e4 ,def9itions ,9 ?is ,act3 7#a7 ,climate f9anc+ ,! t]m climate f9anc+ means ! transf] ( new & additional public funds f develop$ c\ntries to develop+ c\ntries = projects & programs t-- 7,a7 r$uce or elim9ate gre5h\se gas emissions2 7,b7 enhance & re/ore natural c>bon seque/ration2 7,c7 promote adaptation to climate *ange2 & 7,d7 address climate *ange-induc$ losses & damages4 7#b7 ,gre5 ,climate ,fund ,! t]m ,gre5 ,climate ,fund means ! indep5d5t1 multilat]al fund-- 7,a7 e/abli%$ by p>ties to ! ,unit$ ,nations ,framework ,conv5tion on ,climate ,*ange2 & 7,b7 adopt$ by decision z "p ( ! f9ancial me*anism ( ! ,unit$ ,nations ,framework ,conv5tion on ,climate ,*ange4 7#c7 ,p>is agreem5t ,! t]m ,p>is ,agreem5t means ! annex to ,decision #a_/;,,cp4#ba adopt$ by ! #ba/ ,conf]5ce ( ,p>ties ( ! ,unit$ ,nations ,framework ,conv5tion on ,climate ,*ange 9 ,p>is1 ,france1 on ,decemb] #ab1 #bjae4