§7902 Reduction of Greenhouse Gas Intensity

Summary

The Department of State must lead the effort to fold the goal of lowering greenhouse gas intensity in developing countries into U.S. foreign policy. 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. For each country the report must use the best public information available to give estimates of how much and what kinds of energy they use, the greenhouse gas intensity of key sectors (energy, manufacturing, agriculture, and transport), progress on big reduction projects, where new projects might work, obstacles to cutting intensity, and lessons from USAID pilot projects. The Secretary must send an update 18 months after the first report and use the initial and later reports to set baselines and track progress. The Secretary of State, working with the USAID Administrator, must help fund and support projects that cut greenhouse gas intensity. Help can be given directly or through agreements with the World Bank, the International Monetary Fund, the United States International Development Finance Corporation, and other development institutions. Support should include leveraging bilateral funds, boosting private investment, and speeding up clean technology. The work must focus on rule of law, property rights, contract protection, economic freedom, and on building local capacity, infrastructure, and training. Projects in the 25 identified countries get priority.