§262m–8 Climate Change Mitigation and Greenhouse Gas Accounting

Summary

The Treasury Secretary must push international development banks to use greenhouse‑gas accounting when they weigh the costs and benefits of projects seeking bank funding, except for projects with very small emissions. The Secretary must also push those banks to grow climate mitigation work: much more support for energy efficiency and renewables (including zero‑carbon tech), review infrastructure for energy‑saving options, talk with developing countries about low‑carbon policies and ways to attract private investment, and make low‑carbon goals part of country plans. Within one year after June 24, 2009, and every year after, the Treasury Secretary must report on these efforts to the Senate Committees on Foreign Relations and Appropriations and to the House Committees on Financial Services and Appropriations.