In our July newsletter, we shared an update on the Senate appropriations process for the Green Climate Fund (GCF)â€”a critical mechanism in ensuring that developing nations are assisted in transitioning toward a low carbon economy and in adapting to the impacts of climate change. While the Senate subcommittee voted to appropriate $500 million to the GCF, the House subcommittee has decided not to appropriate anything to the GCF. While it is still possible to reconcile these differences when the House and Senate bills are sent to conference, it is disappointing that the House has chosen to be antagonistic toward the GCF.
Past newsletters have also referenced the Gibson Resolutionâ€”the Republican-led resolution meant to name the reality of climate change and to call for conservative solutions. While the resolution has not yet been voted out of committee, it continues to build momentum. It recently received another co-sponsorship from Rep. Katko on July 14, bringing the total number of co-sponsors to 13.
Finally, a new bipartisan group of U.S. Representatives has recently formed, calling itself the Climate Solutions Caucus. It is a group of like-minded legislators, made up of eight Republicans and eight Democrats, seeking to collaborate together to build political will toward climate policy. This is an exciting development, and it bodes well for the future of federal climate policy in the U.S.