Bill 118 hr 10341, also known as the Clean Energy Transition Act, aims to leverage the voice and vote of the United States in international financial institutions to promote the transition of the global economy to a clean energy economy. The bill seeks to prohibit the United States Government from providing assistance to countries or entities that support fossil fuel activity.
The main goal of the bill is to encourage the adoption of clean energy technologies and practices on a global scale in order to combat climate change and reduce greenhouse gas emissions. By using the influence of the United States in international financial institutions, the bill aims to push for investments in renewable energy sources and sustainable development projects.
Additionally, the bill prohibits the United States Government from providing financial assistance to countries or entities that continue to support fossil fuel activities, such as coal mining or oil drilling. This measure is intended to incentivize countries to shift towards cleaner energy sources and reduce their reliance on fossil fuels.
Overall, the Clean Energy Transition Act is a proactive approach to addressing climate change and promoting sustainable development on a global scale. By leveraging the influence of the United States in international financial institutions, the bill aims to accelerate the transition to a clean energy economy and reduce the impact of fossil fuel activities on the environment.