I

103D CONGRESS

1ST SESSION H. R. 970

To provide for participation by the United States in a climate stabilization

program.

IN THE HOUSE OF REPRESENTATIVES

FEBRUARY 18, 1993

Mr. DELLUMS introduced the following bill; which was referred jointly to the

Committees on Agriculture, Education and Labor, Foreign Affairs, Energy and Commerce, Natural Resources, Merchant Marine and Fisheries,

Rules, Science, Space, and Technology, and Ways and Means

A BILL

To provide for participation by the United States in a climate

stabilization program.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

4 This Act may be cited as the ‘‘Emergency Climate

5 Stabilization and Earth Regeneration Act of 1992’’.

6 SEC. 2. FINDINGS.

7 (a) DEVELOPING GOVERNMENT AWARENESS OF RE8 SPONSIBILITY FOR CLIMATE CONDITIONS.—In 1969 Con9 gress recognized both the seriousness of climate change
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1 and the responsibility of the Federal Government to de2 velop domestic and foreign policies to contribute to the

3 preservation of the environment. The findings of congres4 sional policy and responsibility in the National Environ5 mental Policy Act of 1969 (42 U.S.C. 4331) and its en6 forcement led to further identification of the problem in

7 the National Climate Program Act of 1978 (15 U.S.C.

8 2901) and its enforcement led to the Global Climate Pro9 tection Act of 1987, which found ‘‘the global nature of

10 this problem’’ and the need for ‘‘vigorous efforts to achieve

11 international cooperation aimed at minimizing and re12 sponding to adverse climate change.’’ Section 533(a) of

13 the Foreign Assistance Act (22 U.S.C. 262) provided the

14 following: ‘‘It is the policy of the United States that sus15 tainable economic growth must be predicated on the sus16 tainable management of natural resources. The Secretary

17 of the Treasury shall instruct the United States Executive

18 Directors of each multilateral development bank (MDB)

19 to promote vigorously within each MDB the expansion of

20 programs in areas which address the problems of global

21 climate change.’’ Section 534(b)(1) of such Act provided

22 the following: ‘‘In order to achieve the maximum impact

23 from activities relating to energy, the Agency for Inter24 national Development shall focus energy assistance activi25 ties on the key countries, where assistance would have the
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1 greatest impact on reducing emissions from greenhouse

2 gases.’’.

3 (b) HISTORICAL DATA ON CLIMATE CHANGE PROB4 LEMS.—Congress recognizes that basic information on cli5 mate change was developed in 1975 by the United States

6 Committee for the Global Atmospheric Program, National

7 Research Council, Washington, D.C., which issued a re8 port ‘‘Understanding Climate Change’’ which included

9 data on the rising carbon dioxide and curves of glacial cy10 cles for the last 900,000 years.

11 (c) ACCELERATING PLANETARY CLIMATE CONDI12 TIONS.—(1) The Congress finds that existing laws have

13 not produced sufficient climate stabilization effort because

14 human technological activity is accelerating the rate of

15 carbon dioxide buildup in the atmosphere. The net result

16 of this buildup is to speed up the greenhouse effect, lead17 ing to shifts of global climate, whether global warming

18 and/or increasingly extreme and variable weather condi19 tions. If these shifts continue, destruction of lives and

20 property and, according to geological evidence, transition

21 past the point of no return can follow. It is the consensus

22 of a majority of workers in the field of ecology that we

23 are now in a period of ecological destabilization that, given

24 the time and effort needed to stabilize climatic conditions,

25 constitutes an ecological emergency. Serious debate must
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1 be held on the earth-atmosphere system producing climate

2 change, on defining the goals to bring about climate sta3 bilization, and on the best ways of achieving these goals.

4 (2) For purposes of paragraph (1)—

5 (A) the term ‘‘destruction of lives and prop6 erty’’ refers to the world-wide effects a carbon diox7 ide-induced climate shift is having upon agriculture

8 and the technology base; and

9 (B) the term ‘‘point of no return’’ refers to the

10 point past which the shift of climate into destabilized

11 conditions is no longer humanly controllable.

12 (d) PROGRAM NECESSITY.—(1) The Congress also

13 finds that, because the earth is already into the transition

14 into seriously destabilized conditions, and that soil, forest

15 and climatic changes are already occurring (such as abnor16 mal weather patterns), a coordinated, international, emer17 gency climate-stabilization program is imperative. This

18 program should reduce from the present 356 parts per

19 million to 280 parts per million or less atmospheric carbon

20 dioxide to levels low enough to prevent this rapidly accel21 erating transition. Climate stabilization can be accom22 plished through a program of ecosystem regeneration

23 which reestablishes balance between atmospheric carbon

24 dioxide and other gases which interact to influence atmos25 pheric conditions. A significant means to reestablish this
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1 balance is large-scale soil remineralization, which supports

2 the regeneration of planetary vegetation and significant

3 natural carbon sinks, which remove atmospheric carbon

4 dioxide. Additional and essential means of climate sta5 bilization include reforestation, saving swamps and estu6 aries, and rapid and extensive reduction of fossil fuel con7 sumption through conservation and development of alter8 native energy technology.

9 (2) For purposes of paragraph (1)—

10 (A) the term ‘‘soil remineralization’’ means

11 adding rock dust, with appropriate proportions of

12 minerals and trace minerals, to the soil to support

13 the growth of microorganisms and plant life that

14 transforms atmospheric carbon dioxide to carbon

15 and oxygen; and

16 (B) the term ‘‘program of ecosystem regenera17 tion’’ means a program of sufficient magnitude and

18 of such timing as to permit climate stabilization be19 fore climate conditions preclude action. This includes

20 major reductions in activities that produce carbon

21 dioxide such as fossil fuel consumption; and in ac22 tivities that impair natural mechanisms for removing

23 carbon dioxide from the atmosphere, such as for24 estry practices that reduce forest acreage beyond

25 minimal requirements for fuel and building mate-
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1 rials. It also involves replacing improper agricultural

2 practices that deplete the soil, such as excessive use

3 of petrochemical fertilizers, pesticides and herbicides,

4 with methods of sustainable agriculture that enhance

5 soil fertility.

6 (e) TIME PERIOD TO ACCOMPLISH OBJECTIVES.—

7 The Congress also finds that the key time period for ac8 complishing the purposes of this Act is 10 to 15 years,

9 with implementation to begin as soon as possible.

10 SEC. 3. PURPOSES.

11 (a) OVERALL PURPOSE.—The purpose of this Act is

12 to establish a process whereby the Congress and the Presi13 dent of the United States shall cooperate in a national

14 and international program to—

15 (1) reduce heat, drought, and subsequent fam16 ine and forest fires, tornadoes, and to decrease the

17 freezing extremes, snow buildup, flooding, cloud

18 cover, and storms in the winter;

19 (2) promote regeneration of the earth through

20 reforestation, soil and ocean remineralization, con21 servation, and alternative energy technology develop22 ment;

23 (3) maximize our food and agricultural security

24 through research on soil remineralization and other

25 environmentally sound, sustainable means that in-
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1 crease the health and hardiness of crop plants and

2 their resistance to climatic extremes and pest infes3 tation; and

4 (4) assist in the creation and development of a

5 secure, environmentally sustainable way of life that

6 is consistent with long-term climate stabilization.

7 (b) SPECIFIC MEANS.—(1) Reduction of carbon diox8 ide is to be accomplished by the following means:

9 (A) A program to plant fast-growing mixed spe10 cies of trees on suitable land, in the United States

11 and/or other regions, especially in climatic and geo12 graphical regions that foster rapid tree growth, to

13 consume additional carbon dioxide from the atmos14 phere.

15 (B) A program to revitalize the soils of existing

16 forests and newly forested areas with finely ground

17 mixed gravel dust, plus finely ground limestone on

18 soils that have already become very acidic, to in19 crease the growth of plant life so that it will more

20 quickly consume atmospheric carbon dioxide. The

21 Congress notes that the effectiveness of rock dust in

22 substantially increasing the health and growth of

23 plant life is supported by extensive research, and by

24 the well-documented role of glacially-ground rock

25 dust in restoring soil fertility.
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1 (C) Conservation of energy, by means of ther2 mal insulation of dwellings, factories and public and

3 private office buildings; solar, wind, geothermal, and

4 other noncarbon dioxide producing energy sources

5 other than nuclear; work on increased energy effi6 ciency; and by other feasible means of conserving en7 ergy.

8 (D) Remineralization of other major natural

9 carbon sinks, to substantially increase the vitality

10 and fecundity of their life forms as a means of re11 moving carbon dioxide from the atmosphere, includ12 ing bays, rivers, lakes, marshes, swamps and other

13 wetlands, and the continental shelves.

14 (2) Whether acting alone or in a coordinated inter15 national effort, the United States recognizes that its con16 tribution to this global program to reduce the greenhouse

17 gases and stabilize the world’s climate should be at least

18 proportional to its past and current emission of green19 house gases relative to the other nations of the world.

20 SEC. 4. CLIMATE STABILIZATION PROGRAM.

21 (a) IN GENERAL.—The President shall, within 270

22 days from the date of the enactment of this Act, promul23 gate a regulation providing for a climatic stabilization pro24 gram to be coordinated by the Council established by sec25 tion 5(b) and other appropriate Federal agencies, as deter-
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1 mined by the President. The President shall begin and

2 continue the implementation of the program to the extent

3 funds are appropriated for such purpose or are available

4 in the Fund established by section 9(a).

5 (b) OBTAINING INFORMATION.—(1) The regulation

6 promulgated under subsection (a) shall provide for infor7 mation development and processing centers which shall co8 operate with international agencies concerning data out9 side the United States and shall develop and process data

10 about world climatic conditions, including the following:

11 (A) Land surface air temperature.

12 (B) Rural surface air temperature.

13 (C) Desertification.

14 (D) Sea surface temperature.

15 (E) Troposphere temperature.

16 (F) Stratospheric air temperature.

17 (G) Cloud cover and optical characteristics.

18 (H) Precipitation.

19 (I) Mapping of soil mineral quality as it bears

20 on forest and crop conditions.

21 (J) Trends in land use, including forests,

22 swamp cover, marshlands, and wetlands.

23 (K) Forest fires and dying forests.
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1 (L) Phytoplankton in ocean areas, nutrient re2 quirements and potential increase in phytoplankton

3 from nutrient supplementation such as iron.

4 (M) Snow cover, depth and volume of snow.

5 (N) Sea ice, arctic and antarctic ice cover.

6 (O) Losses due to environmental conditions, in7 cluding, but not limited to, record heat spells,

8 drought, storms with heavy rain and wind, floods,

9 landslides, tornadoes and hurricanes, record cold

10 conditions, abnormal frost and freezing conditions,

11 blizzards, snowstorms, snow and ice buildup, length

12 of growing seasons by region, forests dying, forest

13 fires, forest and agricultural insect infestation, acid

14 rain, lake damage, earthquakes, and volcanic action.

15 (2) The information development and processing cen16 ters shall assess and publish information on developing cli17 mate conditions, and their effects upon life on earth, in

18 the following ways:

19 (A) Data shall be used to track and analyze the

20 losses of food crops, utilities, buildings, roads, trees,

21 production facilities of all types, human life, and ele22 ments of the technological infrastructure, including

23 the magnitude of such losses over the 10 years im24 mediately preceding the date of the enactment of

25 this Act.
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1 (B) When volcanic eruptions occur, the con2 tribution of volcanic ash to soil remineralization

3 shall be reviewed by an appropriate interagency

4 force.

5 (C) The magnitude and rate of future break6 down of technological systems due to climate shift

7 shall be estimated on a periodic basis.

8 (c) OVERALL PLAN.—The regulation promulgated

9 under subsection (a) shall include a plan for the implemen10 tation of the climate stabilization program that provides

11 for—

12 (1) participation at city, county, and State lev13 els, through councils described in section 5(c), and

14 at national and international levels;

15 (2) preliminary Federal, State, and local plans

16 to be developed and implemented as soon as prac17 ticable;

18 (3) goals for the United States, including those

19 that will determine the—

20 (A) quantity and quality of rock dust and

21 other amendments to be applied to soil for at

22 least 5 years of forest or crop growth;

23 (B) land areas to be remineralized by ap24 plication of rock dust, and the quantity and

25 quality of rock dust and other amendments to
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1 be applied to soils to substantially increase for2 est growth during the next 15 years;

3 (C) priorities for regions and areas to be

4 remineralized with rock dust to gain the great5 est benefit in reduction of atmospheric carbon

6 dioxide;

7 (4) description of international, national, State,

8 and local policies that will support the climate sta9 bilization program;

10 (5) international cooperation to maximize the

11 primary activities of soil, forest, and energy work

12 and reduction of atmospheric carbon dioxide, includ13 ing—

14 (A) preferential support of climatic regions

15 where forests can be developed and atmospheric

16 carbon stored in biomass sinks the fastest;

17 (B) assistance for other countries in meet18 ing their tree planting and soil remineralization

19 objectives;

20 (6) planning and coordination of Federal ac21 tions through appropriate agencies for the purpose

22 of stabilizing climate conditions by—

23 (A) immediately initiating emergency

24 projects until more permanent programs are es25 tablished;
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1 (B) establishing a national ‘‘CO/2 Budg2 et’’, which shall include current rates of carbon

3 dioxide increase or decrease by source, annual

4 rates, and plans for reductions for each of the

5 next 5 years;

6 (C) redeveloping and expanding forests,

7 swamps, marshlands, and wetlands;

8 (D) preparing estimates for additional net

9 growth of existing remineralized forests and of

10 newly planted forest areas;

11 (E) developing, enhancing, and mass-pro12 ducing remineralization technology, including

13 equipment to manufacture rock dust and equip14 ment to apply it to the soil;

15 (F) participating in international research,

16 investigating environmental implications, and

17 plans to increase ocean phytoplankton, where

18 addition of particular nutrients in specific areas

19 will produce rapid, beneficial increases in

20 phytoplankton and thereby add significantly to

21 reduction of global atmospheric carbon dioxide;

22 (G) implementing changes in industry,

23 transportation, energy technology, and agri24 culture that support the program;
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1 (7) the enlistment of cooperation and participa2 tion by both the public and private sectors at city,

3 county, State, and Federal levels as provided for in

4 sections 5 and 6 in ways that will maximize—

5 (A) employment efforts in a manner that

6 will provide full employment (with support serv7 ices such as food, housing, health and childcare,

8 and education) of the Nation’s work force in a

9 climate of international cooperation as this ef10 fort becomes a central theme of the Nation’s

11 productive activity until there is a restoration of

12 earth-atmosphere balance; and

13 (B) cooperative enterprises to provide the

14 rock grinding equipment necessary to produce

15 sufficient rock dust for the purposes described

16 in paragraph (3);

17 (8) the curtailment of counterproductive techno18 logical practices, including—

19 (A) reduction of fossil fuel use (including

20 current oil wells and coal burning facilities)

21 through conservation and development of alter22 native energy technology other than nuclear

23 sources;
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1 (B) the reduction of fossil fuel development

2 projects, such as off-shore drilling for oil and

3 further development in Alaska;

4 (C) providing appropriate guidelines for

5 the cutting of trees for timber, fuel, and other

6 agricultural, industrial, or residential purposes;

7 and

8 (D) the reduction in the use of toxic and

9 radioactive materials that are harmful to living

10 tissue;

11 (9) support for ecologically sound technology

12 and practices, including funding for—

13 (A) agricultural technology that supports

14 remineralization and energy technology that im15 proves the efficiency with which petrochemical

16 fuels are used or develops an alternative, eco17 logically sound energy technology, the waste

18 products of which rapidly recycle in the eco19 system and whose ecological effects are within

20 the tolerances of the ecosystem for supporting

21 life native to this geological period;

22 (B) development of alternative, benign en23 ergy technology such as cost- and energy-effi24 cient solar thermal electric power plants in lieu

25 of coal, oil, or nuclear plants;
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1 (C) more fitting waste management poli2 cies, such as the composting of urban solid

3 waste and the depositing of this material back

4 into the soil in the region near which it is gen5 erated;

6 (D) environmentally and climatically sound

7 waste-management policies, including the

8 remineralizing and composting of urban solid

9 wastes and wastes from animal feedlots and the

10 depositing of this material back into the soil in

11 the region near which it is generated;

12 (10) employment and community requirements

13 of the program, including—

14 (A) training and retraining people to be

15 employed on soil, forest, and energy projects;

16 and

17 (B) maintaining the stability of local com18 munities so that people working on the program

19 can continue to reside in the locale in which

20 they were residing before beginning such work;

21 and

22 (11) the implementation of Articles 2.3 and 2.4

23 of the Charter of the United Nations (requiring the

24 settlement of international disputes by peaceful

25 means) and Articles 55 and 56 of such Charter (pro-
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1 moting higher standards of living, full employment,

2 and conditions of economic and social progress and

3 development).

4 SEC. 5. ORGANIZATION.

5 (a) CONGRESSIONAL COMMITTEES.—The Speaker of

6 the House of Representatives and the President pro tem7 pore of the Senate shall take steps to establish, through

8 the rulemaking procedures of the Senate and the House,

9 a Joint Committee on Climate Stabilization for the pur10 pose of carrying out oversight activities with respect to

11 the climate stabilization program established pursuant to

12 this Act.

13 (b) ESTABLISHMENT OF FEDERAL COUNCIL.—(1)

14 The Council on Climate Stabilization and Earth Regenera15 tion is hereby established as an independent Federal agen16 cy responsible directly to the President.

17 (2) The President shall appoint 24 members to the

18 Council, with the advice and consent of the Senate, from

19 various political, labor, business, ethnic, environmental,

20 scientific and other backgrounds, including one represent21 ative each from the National Governors Association and

22 the National Council of Mayors, to assure the proper im23 plementation of the program carried out under this Act.

24 (3) The Council shall review and report directly to

25 the President concerning the implementation of the pro-
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1 gram carried out under this Act, especially with respect

2 to ensuring the participation and coordination of Federal

3 agencies.

4 (4) The Council shall draw upon the research find5 ings and action programs of the Committee on Earth

6 Sciences of the Federal Coordinating Council on Science

7 and Engineering Technology, the National Academy of

8 Sciences, the National Oceanic and Atmospheric Adminis9 tration, the National Science Foundation, the National

10 Aeronautic and Space Administration, the Department of

11 Energy, the Environmental Protection Agency, and other

12 organizations engaged in climate stabilization efforts.

13 (5) Members of the Council shall serve for a term

14 of 4 years, except that one-half of the members first ap15 pointed to the Council shall serve terms of 2 years. Mem16 bers may be reappointed.

17 (6) The Chairman shall be appointed by the Presi18 dent, with the advice and consent of the Senate, and such

19 Chairman shall serve a term of 4 years, but may be

20 reappointed.

21 (c) STATE AND LOCAL COUNCILS.—(1) The Presi22 dent and the Council established by subsection (b) shall

23 take steps to encourage the establishment of councils at

24 the State and local levels of government to assure imple25 mentation of the climate stabilization program at those
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1 levels through the participation of State and local govern2 ments, trade unions, industry, environmental organiza3 tions and other citizen groups in an interdisciplinary man4 ner.

5 (2) Each State and local council shall prepare meas6 ures to prevent or minimize agricultural and technological

7 damage and to maintain the technological and agricultural

8 infrastructure. They shall also estimate, monitor, and re9 port the effects of climate change on agricultural and tech10 nological systems, including utilities, transportation, com11 munication, and industry.

12 SEC. 6. DISTRIBUTION OF RESPONSIBILITY.

13 The President shall provide, in the regulation promul14 gated under section 4(a), for maximum participation in

15 the program established by this Act and cooperation at

16 the international, Federal, State, and local levels of gov17 ernment, including the following:

18 (1) The development and implementation of

19 plans at each level by the councils established under

20 section 5(c) with appropriate cooperation among the

21 councils at each level within a State.

22 (2) Requiring Federal agencies, under the di23 rection of the Council established in section 5(b), to

24 review, coordinate, and provide assistance with re-
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1 spect to each State plan resulting from the coopera2 tion of the councils at the various levels in a State.

3 (3) Designation of proper procedures for the

4 management of funds at each level.

5 (4) Private sector participation through the

6 manufacture and installation of cost- and energy-ef7 ficient solar thermal electric power facilities that dis8 place carbon dioxide producing facilities.

9 (5) Widespread public participation.

10 (6) Extensive cooperation with international or11 ganizations.

12 SEC. 7. CRISIS MANAGEMENT.

13 The President shall provide, in the regulation promul14 gated under section 4(a), for a unified crisis management

15 operation through coordinated international, Federal,

16 State, and local interdisciplinary activity designed to mini17 mize damage from, and to maintain agricultural and in18 dustrial production under, changing atmospheric condi19 tions that cause natural disasters.

20 SEC. 8. EVALUATION.

21 The President shall provide, in the regulation promul22 gated under section 4(a), for extensive and ongoing eval23 uation of the climate stabilization program established

24 under this Act, including—
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1 (1) evaluation conducted by the Council created

2 by section 5(b) and the State and local councils cre3 ated pursuant to section 5(c) of the decrease in car4 bon dioxide achieved by reforestation, soil improve5 ment, energy conservation, and alternative energy

6 technology development;

7 (2) inclusion in each environmental impact

8 statement made under the National Environmental

9 Policy Act of an estimate of the proposed project on

10 the carbon dioxide levels annually; and

11 (3) compliance with Federal laws and inter12 national treaties and agreements affecting ecology

13 standards.

14 SEC. 9. FUNDING.

15 (a) TAX REVENUES.—

16 (1) IMPOSITION OF CORPORATE TAX SUR17 CHARGE.—

18 (A) IN GENERAL.—Subchapter A of chap19 ter 1 of the Internal Revenue Code of 1986 (re20 lating to determination of tax liability) is

21 amended by adding at the end thereof the fol22 lowing new part:

‘‘PART IX—CORPORATE TAX SURCHARGE

‘‘Sec. 60. Corporate tax surcharge.
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1 ‘‘SEC. 60. CORPORATE TAX SURCHARGE.

2 ‘‘(a) IMPOSITION OF TAX.—In addition to the other

3 taxes imposed by this chapter, there is hereby imposed on

4 the income of every corporation for the taxable year a tax

5 equal to 5 percent of the tax imposed by this chapter (de6 termined without regard to this section) for such year.

7 ‘‘(b) NO CREDITS AGAINST TAX.—The tax imposed

8 by this section shall not be treated as a tax imposed by

9 this chapter for purposes of determining any credit allow10 able under subpart A, B, or D of part IV of this sub11 chapter or under section 936.

12 ‘‘(c) ESTIMATED TAX.—For purposes of applying

13 section 6655 (relating to estimated tax for corporations)

14 with respect to any installment which is required to take

15 into account the tax imposed by this section, section

16 6655(d)(1)(B)(ii) shall not apply.

17 ‘‘(d) ADMINISTRATIVE PROVISIONS.—For purposes

18 of this title, to the extent the tax imposed by this section

19 is attributable (under regulations prescribed by the Sec20 retary) to a tax imposed by another section of this chapter,

21 such tax shall be deemed to be imposed by such other sec22 tion.

23 ‘‘(e) TERMINATION.—No tax shall be imposed by this

24 section for any taxable year beginning after December 31,

25 1996.’’
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1 (B) CLERICAL AMENDMENT.—The table of

2 parts for subchapter A of chapter 1 of such

3 Code is amended by adding at the end thereof

4 the following new item:

‘‘Part IX. Corporate tax surcharge.’’

5 (C) EFFECTIVE DATE.—The amendments

6 made by this paragraph shall apply to taxable

7 years ending after December 31, 1991.

8 (2) CLIMATE STABILIZATION TRUST FUND.—

9 (A) IN GENERAL.—Subchapter A of chap10 ter 98 of such Code (relating to trust fund

11 code) is amended by adding at the end thereof

12 the following new section:

13 ‘‘SEC. 9511. CLIMATE STABILIZATION TRUST FUND.

14 ‘‘(a) CREATION OF TRUST FUND.—There is estab15 lished in the Treasury of the United States a trust fund

16 to be known as the ‘Climate Stabilization Trust Fund’,

17 consisting of such amounts as may be appropriated or

18 credited to such Trust Fund as provided in this section

19 or section 9602(b).

20 ‘‘(b) TRANSFERS TO TRUST FUND.—There is hereby

21 appropriated to the Climate Stabilization Trust Fund the

22 amount determined by the Secretary to be equivalent to

23 the taxes received in the Treasury under section 60 (relat24 ing to corporate tax surcharge).
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1 ‘‘(c) EXPENDITURES FROM TRUST FUND.—Amounts

2 in the Climate Stabilization Trust Fund shall be available,

3 as provided in appropriation Acts, to carry out the Emer4 gency Climate Stabilization and Earth Regeneration Act

5 of 1991.’’

6 (B) CLERICAL AMENDMENT.—The table of

7 sections for such subchapter is amended by

8 adding at the end thereof the following new

9 item:

10 ‘‘Sec. 9511. Climate Stabilization Trust Fund.’’

11 (b) STATE AND LOCAL FUNDING.—Eighty percent of

12 the funding for any project carried out under this Act

13 shall be from Federal sources. The remainder of the fund14 ing for any such project shall be divided equally between

15 State and local governments.

16 (c) AUTHORIZATION OF APPROPRIATIONS.—There

17 are authorized to be appropriated such sums as may be

18 necessary to carry out this Act.

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