§7902 Reduction of greenhouse gas intensity

Summary

The Department of State must lead U.S. foreign policy to reduce greenhouse gas intensity in developing countries. Within 180 days after August 8, 2005, the Secretary of State must send Congress a report naming the 25 developing countries that emit the most greenhouse gases. That report must estimate energy use and the greenhouse gas intensity of major sectors, describe project progress and potential, list obstacles, and share USAID’s best practices. The Secretary must send an update 18 months after the first report, use the first report to set baselines for energy use and sector intensity, and use later reports and other data to track progress. The Secretary, working with the USAID Administrator and through groups like the World Bank, IMF, the U.S. International Development Finance Corporation, and other development institutions, must help finance and support projects that reduce greenhouse gas intensity. Help can include using bilateral agreements to leverage funds, increasing private investment, and speeding technology deployment. Assistance must focus on rule of law, property rights, contract protection, economic freedom, capacity, infrastructure, and training. Projects in the 25 named countries get priority.