42 U.S.C. § 17353: Duties of Foundation

Summary

Use the funds to give grants for projects outside the United States that show ways to cut global greenhouse gas emissions with clean, efficient energy technologies, processes, and services. Ask for money from foreign governments (especially energy-rich ones like OPEC members) and private groups to add to the funds. Work with foreign governments, U.S. and foreign companies, and NGOs, using public and private money, technology, and know-how to build new models that reduce emissions. Keep a collection of best practices and lessons learned about using clean energy so future efforts can do better. Keep admin costs low so more money goes to grants. Give preference to U.S.-incorporated entities whose technology will be substantially manufactured in the United States.

Title 42, §17353

The Public Health and Welfare, Source: USLM XML via OLRC

The Foundation shall—

(1)use the funds authorized by this part to make grants to promote projects outside of the United States that serve as models of how to significantly reduce the emissions of global greenhouse gases through clean and efficient energy technologies, processes, and services;

(2)seek contributions from foreign governments, especially those rich in energy resources such as member countries of the Organization of the Petroleum Exporting Countries, and private organizations to supplement funds made available under this part;

(3)harness global expertise through collaborative partnerships with foreign governments and domestic and foreign private actors, including nongovernmental organizations and private sector companies, by leveraging public and private capital, technology, expertise, and services towards innovative models that can be instituted to reduce global greenhouse gas emissions;

(4)create a repository of information on best practices and lessons learned on the utilization and implementation of clean and efficient energy technologies and processes to be used for future initiatives to tackle the climate change crisis;

(5)be committed to minimizing administrative costs and to maximizing the availability of funds for grants under this part; and

(6)promote the use of American-made clean and efficient energy technologies, processes, and services by giving preference to entities incorporated in the United States and whose technology will be substantially manufactured in the United States.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective on the date that is 1 day after Dec. 19, 2007, see section 1601 of Pub. L. 110–140, set out as a note under section 1824 of Title 2, The Congress.

§17353 Duties of Foundation

Summary

Title 42, §17353

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Citations & Metadata