try Parties shall provide financial resources to assist 
developing country Parties with respect to both miti-
gation and adaptation in continuation of their exist-
ing obligations under the Convention’’; 
(22) the Green Climate Fund is an essential in-
stitution for climate financing, as the Green Climate 
Fund ensures— 
(A) balanced governance between developed 
and developing countries; 
(B) stakeholder engagement and discourse; 
(C) a balanced approach between mitiga-
tion and adaptation; 
(D) fair and equal labor and working con-
ditions; 
(E) conservation of biodiversity and critical 
habitats; and 
(F) strong environmental, social, and gen-
der protections; 
(23) the Green Climate Fund— 
(A) promotes and protects human rights 
and the rights of marginalized groups, including 
indigenous peoples, women, children, and people 
with disabilities; and 
(B) continues to take steps to strengthen 
protections for marginalized groups; 
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(24) in 2014, the United States announced its 
intention to contribute $3,000,000,000 of the first 
$10,000,000,000 raised for the initial resource mobi-
lization period of the Green Climate Fund, but ulti-
mately failed to honor this commitment; 
(25) as of June 2023, the United States has 
contributed only $2,000,000,000 in total funding to 
the Green Climate Fund; 
(26) pledges for the first replenishment period 
of the Green Climate Fund (‘‘GCF–1’’) totaled 
$9,870,000,000, without any participation from the 
United States; 
(27) almost all major contributors doubled the 
amount of their contribution from the initial re-
source mobilization phase for the GCF–1 replenish-
ment; and 
(28) the Green Climate Fund is the world’s 
largest and most innovative multilateral climate ad-
aptation fund, and is a fully operational and proven 
institution supporting nearly 200 projects in 127 de-
veloping countries. 
SEC. 3. STATEMENT OF POLICY. 
It is the policy of the United States to provide climate 
financing— 
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(1) as an essential part of the global effort to 
combat climate change; and 
(2) that— 
(A) upholds the principles of environmental 
justice and climate justice; 
(B) supports programs and projects devel-
oped by recipient countries and communities; 
(C) is designed and implemented with the 
free, prior, and informed consent of indigenous 
peoples and other impacted communities; 
(D) promotes gender equality as essential 
in all of the projects and programs supported 
by climate financing; 
(E) includes best practices for environ-
mental and social safeguards to ensure that 
projects and programs supported by climate fi-
nancing respect fundamental human rights; and 
(F) addresses both mitigation and adapta-
tion as essential aspects of responding to cli-
mate change. 
SEC. 4. AUTHORIZATION OF APPROPRIATIONS. 
(a) IN GENERAL.—There are authorized to be appro-
priated for contributions to the Green Climate Fund 
$4,000,000,000 for each of the fiscal years 2026 and 
2027. 
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(b) SENSE OF CONGRESS.—It is the sense of Con-
gress that the climate financing needs to achieve the 
greenhouse gas emissions reductions required to keep the 
planet at or below 1.5 degrees Celsius of global warming 
are significantly greater than the amount of funds author-
ized to be appropriated under subsection (a). 
SEC. 5. DEFINITIONS. 
In this Act: 
(1) CLIMATE FINANCING.—The term ‘‘climate 
financing’’ means the transfer of new and additional 
public funds from developed countries to developing 
countries for projects and programs that— 
(A) reduce or eliminate greenhouse gas 
emissions; 
(B) enhance and restore natural carbon se-
questration; and 
(C) promote adaptation to climate change. 
(2) GREEN CLIMATE FUND.—The term ‘‘Green 
Climate Fund’’ means the independent, multilateral 
fund— 
(A) established by parties to the United 
Nations Framework Convention on Climate 
Change; and 
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(B) adopted by decision as part of the fi-
nancial mechanism of the United Nations 
Framework Convention on Climate Change. 
(3) PARIS
AGREEMENT.—The term ‘‘Paris 
Agreement’’ means the annex to Decision 1/CP.21 
adopted by the 21st Conference of Parties of the 
United Nations Framework Convention on Climate 
Change in Paris, France, on December 12, 2015. 
Æ 
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