Us Code § 262m - –8. Climate change mitigation and greenhouse gas accounting
Full text of Us Code United States Code § 262m — –8. Climate change mitigation and greenhouse gas accounting, with citation guidance and answers to common questions.
§ 262m. –8. Climate change mitigation and greenhouse gas accounting
(a) Use of greenhouse gas accounting
The Secretary of the Treasury shall seek to ensure that multilateral development banks (as defined in section 262r(c)(4) of this title) adopt and implement greenhouse gas accounting in analyzing the benefits and costs of individual projects (excluding those with de minimus greenhouse gas emissions) for which funding is sought from the bank.
(b) Expansion of climate change mitigation activities
The Secretary of the Treasury shall work to ensure that the multilateral development banks (as defined in section 262r(c)(4) of this title) expand their activities supporting climate change mitigation by—
(1) significantly expanding support for investments in energy efficiency and renewable energy, including zero carbon technologies;
(2) reviewing all proposed infrastructure investments to ensure that all opportunities for integrating energy efficiency measures have been considered;
(3) increasing the dialogue with the governments of developing countries regarding—
(A) analysis and policy measures needed for low carbon emission economic development; and
(B) reforms needed to promote private sector investments in energy efficiency and renewable energy, including zero carbon technologies; and
(4) integrate low carbon emission economic development objectives into multilateral development bank country strategies.
(c) Report to Congress
Not later than 1 year after June 24, 2009, and annually thereafter, the Secretary of the Treasury shall submit a report on the status of efforts to implement this section to the Committee on Foreign Relations and the Committee on Appropriations of the Senate and the Committee on Financial Services and the Committee on Appropriations of the House of Representatives.
(Pub. L. 95–118, title XIII, §1308, as added Pub. L. 111–32, title XI, §1111, June 24, 2009, 123 Stat. 1903.)
Editorial Notes
Prior Provisions
A prior section 1308 of Pub. L. 95–118 was renumbered section 1307 and is classified to section 262m–7 of this title.
About This Section
22 U.S.C. § 262m is part of Title 22 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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