Idea of the Day: Introducing the International Climate Change Investment Act

December 8, 2009

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Senator John Kerry (D-MA) just this month introduced the International Climate Change Investment Act, which serves as the foundation to the United States’ commitment for international assistance to meet key elements of the Bali Action Plan. This bill provides assistance to the most vulnerable developing countries for climate chance adaptation; deployment of clean-energy technologies and reduction of energy poverty in developing countries; and financial and capacity-building assistance to reduce deforestation and forest degradation.

These measures will achieve emissions reductions of at least 720 million tons of carbon dioxide equivalent in 2020 and a cumulative amount of at least 6 billion tons of carbon dioxide equivalent by 2025. The bill also contains important mechanisms for detailed reporting and monitoring of the results of these investments, restricting assistance to countries with effective compliance mechanisms for emissions reductions programs, and protecting intellectual property rights.

For more information, please see:

• America Is Serious About Climate Action, by Andrew Light, Julian L. Wong, Kari Manlove, and Saya Kitasei.