I 
110TH CONGRESS 
2D SESSION 
H. R. 6315 
To authorize United States participation in, and appropriations for the United 
States contribution to, an international clean technology fund, and for 
other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 19, 2008 
Ms. MOORE of Wisconsin (for herself, Mr. ISRAEL, Mr. FRANK of Massachu-
setts, and Mr. SHAYS) introduced the following bill; which was referred 
to the Committee on Financial Services 
A BILL 
To authorize United States participation in, and appropria-
tions for the United States contribution to, an inter-
national clean technology fund, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. INTERNATIONAL CLEAN TECHNOLOGY FUND. 
(a) IN GENERAL.—The Bretton Woods Agreements 
Act (22 U.S.C. 286–286oo) is amended by adding at the 
end the following: 
‘‘SEC. 64. CLEAN TECHNOLOGY FUND. 
‘‘(a) CONTRIBUTION AUTHORITY.—The Secretary of 
the Treasury may contribute on behalf of the United 
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States $400,000,000 to a fund which meets the require-
ments of subsection (b) (in this section referred to as the 
‘Fund’). 
‘‘(b) REQUIREMENTS.—The requirements of this sub-
section are as follows: 
‘‘(1) ADMINISTRATION.—The Fund is estab-
lished and administered by the Bank. 
‘‘(2) PURPOSE.—The purpose of the Fund is to 
promote accelerated deployment in developing coun-
tries of technologies designed to reduce greenhouse 
gas emissions by providing funds, primarily through 
multilateral development banks to promising projects 
in developing countries. 
‘‘(3) COORDINATION
WITH
THE
UNITED
NA-
TIONS FRAMEWORK ON CLIMATE CHANGE.— 
‘‘(A) IN GENERAL.—The Bank is required 
to operate the Fund in a manner that is fully 
consistent and supportive of the United Nations 
Framework on Climate Change (in this para-
graph referred to as the ‘UNFCCC’). 
‘‘(B) TERMINATION OF OPERATIONS.—The 
Bank is required to take necessary steps to con-
clude the operations of the Fund (including by 
not entering into new agreements for contribu-
tions to the Fund) on the commencement of op-
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erations of an international clean technology 
fund provided for the UNFCCC, unless the 
UNFCCC provides for continuation of the oper-
ations. 
‘‘(4) AUTHORITY
TO
HOLD
UNDISBURSED 
FUNDS IN INTEREST-BEARING ACCOUNTS.—Pending 
disbursement from the Fund of amounts provided 
under this section, the Bank has the authority to 
hold the amounts in interest-bearing accounts of the 
Fund. 
‘‘(c) LIMITATIONS ON AUTHORIZATION OF APPRO-
PRIATIONS.—For the contribution authorized by sub-
section (a), there are appropriated not more than 
$400,000,000 for fiscal year 2009. 
‘‘(d) SUPPORT
OF ZERO CARBON
AND CLEANER 
TECHNOLOGIES.—The Secretary of the Treasury shall 
seek to ensure that— 
‘‘(1) the priorities of the Fund include sup-
porting ‘zero carbon’ technologies, and improvements 
in energy efficiency in existing infrastructure that 
demonstrate an ability to be transformational in 
support of a country’s path toward low carbon devel-
opment; 
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‘‘(2) the disbursement of amounts in the Fund 
demonstrate a preference for ‘zero carbon’ tech-
nologies; and 
‘‘(3) funding from the Fund is provided to close 
the gap between higher cost, cleaner technologies 
and lower cost technologies. 
‘‘(e) COORDINATION WITH
THE INTERNATIONAL 
CLEAN ENERGY FOUNDATION.—The Secretary of the 
Treasury shall seek to ensure that the duties and activities 
of the Fund are complementary to the duties and activities 
of the International Clean Energy Foundation as estab-
lished by the Energy Independence and Security Act of 
2007 (Public Law 110–140).’’. 
(b) REPORT TO THE CONGRESS.—Within 180 days 
after the date of the enactment of this Act, the Secretary 
of the Treasury shall submit to the Congress a report on 
the operations of any fund to which amounts made avail-
able under section 64 of the Bretton Woods Agreements 
Act are provided, including a description of— 
(1) any projects for which amounts have been 
disbursed from the fund; 
(2) the effects expected by the Secretary of 
each such project on the overall greenhouse gas 
emissions from the country in which the project is 
being carried out; 
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(3) the criteria and methodology used to deter-
mine the eligibility of proposed projects for funding 
from the fund; 
(4) the progress made in commencing oper-
ations of the fund, including any remaining obstacles 
to the operations; and 
(5) any project for which amounts have been 
disbursed from the fund which support coal or coal- 
related technologies, and a justification for support 
for the project from the fund, including a description 
of— 
(A) the transformational nature of the 
project; 
(B) how the project is consistent with the 
national low carbon strategy of the country in-
volved; 
(C) the degree to which the project re-
duced GHG emissions; and 
(D) the degree to which the technology was 
a higher cost technology relative to other avail-
able technologies. 
(c) SENSE OF THE CONGRESS.—It is the sense of the 
Congress that small and medium-sized enterprises— 
(1) are an important source of technological in-
novation and economic development globally; 
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(2) can and should play an important role in 
the dissemination and implementation of innovative 
clean technologies in developing countries; and 
(3) should be supported through any fund re-
ferred to in subsection (b). 
SEC. 2. USE OF GREENHOUSE GAS ACCOUNTING BY THE 
MULTILATERAL DEVELOPMENT BANKS. 
Title XIII of the International Financial Institutions 
Act (22 U.S.C. 26m–262m–7) is amended by adding at 
the end the following: 
‘‘SEC. 1308. USE OF GREENHOUSE GAS ACCOUNTING BY 
THE MULTILATERAL DEVELOPMENT BANKS. 
‘‘(a) IN GENERAL.—The Secretary of the Treasury 
shall seek to ensure that each multilateral development 
bank (as defined in section 1701(c)(4)) adopts and imple-
ments Greenhouse Gas (GHG) accounting in analyzing the 
benefits and costs of all projects for which funding is 
sought from the bank. 
‘‘(b) SENSE OF THE CONGRESS.—It is the sense of 
the Congress that adopting and implementing GHG ac-
counting includes— 
‘‘(1) calculating net carbon flows; 
‘‘(2) establishing uniform calculation tech-
niques, with provision for modification as profes-
sional standards evolve; 
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‘‘(3) making public the calculation techniques 
and the calculations; 
‘‘(4) adopting and making public a uniform car-
bon charge rate which appropriately reflects the 
global social cost of a unit of carbon emissions; and 
‘‘(5) performing carbon GHG accounting, in-
cluding a full carbon charge for each project, defined 
as the net carbon flow multiplied by the carbon 
charge rate.’’. 
Æ 
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