§13388 Global Climate Change Response Fund

Summary

The Treasury Secretary, working with the Secretary of State, must set up a Global Climate Change Response Fund to hold U.S. payments that help other countries reduce and adapt to climate change. No money can go into the Fund until the United States ratifies the United Nations Framework Convention on Climate Change. The President may use Fund money, only if Congress authorizes and pays for it under section 2222 of title 22, to make U.S. contributions to a financial mechanism negotiated under the UNFCCC and related agreements. Authorized deposits are $50,000,000 for fiscal year 1994 and whatever sums are needed for fiscal years 1995 and 1996.