International Carbon Conservation Act

The International Carbon Conservation Act (S. 769) proposes the creation of a federal program to support carbon sequestration projects—efforts that capture and store atmospheric carbon dioxide—located outside of the United States. Under this bill, international projects that meet specific environmental standards would become eligible for U.S. government financial support, including loans from the Export-Import Bank and investment insurance through the Overseas Private Investment Corporation. For citizens, this legislation represents an attempt to use American financial tools to incentivize global conservation and reforestation efforts as a means of addressing greenhouse gas levels.