S.Amdt. 4936

1. Adds Subtitle E--Climate Science Fund SEC. 1241. CLIMATE SCIENCE FUND at the end of title XII

   Adds a section

   Inserted: Subtitle E--Climate Science Fund SEC. 1241. CLIMATE SCIENCE FUND.

   Inserted: (a) Establishment.--There is established in the Treasury of the United States a fund, to be known as the "Climate Science Fund" (referred to in this section as the "Fund").

   Inserted: (b) Purposes.--The purposes of the Fund shall be--

   Inserted: (1) to support focused research initiatives directed toward the assimilation of climate monitoring observations into research and operational models for climate, weather, and ecosystems;

   Inserted: (2) to expand global data collection, monitoring, and analysis activities of the atmosphere, oceans, cryosphere, land cover and use, and terrestrial and freshwater ecosystems--

   Inserted: (A) to provide continuous, reliable, useable, and accessible information on--

   Inserted: (i) the state, change, and variability of the climate system; and

   Inserted: (ii) the response of the biosphere; and

   Inserted: (B) for the purposes of--

   Inserted: (i) prediction of climate and weather, and the ecological response of those changes; and

   Inserted: (ii) the reduction of uncertainties in that prediction;

   Inserted: (3) to design, deploy, and maintain hydrologic and ecologic observing systems suitable for detecting climate change and the influence of climate change on water and natural resources;

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   Inserted: (4) to strengthen global, regional, and local data collection and monitoring of greenhouse gas concentrations and aerosol concentrations--

   Inserted: (A) for the purpose of verifying greenhouse gas levels; and

   Inserted: (B) to reduce uncertainties associated with interannual variability in the global carbon cycle and the radiative influence of other atmospheric constituents in the forcing of climate change;

   Inserted: (5) to maintain and enhance regional and local ground observing networks for the purposes of--

   Inserted: (A) developing and maintaining long-term climate records;

   Inserted: (B) climate monitoring; and

   Inserted: (C) predicting climate and weather patterns;

   Inserted: (6) to strengthen intergovernmental coordination for environmental data acquisition, archiving, and dissemination;

   Inserted: (7) to improve the use of climate information for decisionmaking through an integrated program of research and assessment that--

   Inserted: (A) transitions research to operations and operational production; and

   Inserted: (B) delivers local and regional climate services that can be used to enhance adaptive management options;

   Inserted: (8) to support emerging climate science research priorities identified by the Committee on Environment and Natural Resources; and

   Inserted: (9) to increase funding for--

   Inserted: (A) climate and ocean observing systems;

   Inserted: (B) ground-based terrestrial and freshwater aquatic long-term monitoring systems;

   Inserted: (C) atmospheric and deposition monitoring networks;

   Inserted: (D) data quality control, storage, and access; and

   Inserted: (E) climate and environmental modeling workforce development.

   Inserted: (c) Submission of Global Change Research Program Budget Requirements to Administrator.--Not later than 1 year after the date of enactment of this Act, and annually thereafter, the National Science and Technology Council, in consultation with the Committee on Environment and Natural Resources, shall submit to the Administrator the budget requirements for global change research in the United States for each fiscal year.

   Inserted: (d) Deposits in Fund.--Not later than 330 days before the beginning of each of calendar years 2012 through 2050, the Administrator shall--

   Inserted: (1) auction a quantity of the emission allowances established for that calendar year pursuant to section 201(a) sufficient to generate proceeds equal to the amount specified in the budget submitted for the applicable fiscal year under subsection (c); and

   Inserted: (2) deposit those proceeds in the Fund.

   Inserted: (e) Use of Funds.--Notwithstanding section 3302 of title 31, United States Code, the proceeds of auctions under this section shall--

   Inserted: (1) be credited as offsetting collections to carry out the United States Global Change Research Program;

   Inserted: (2) be available for expenditure only to pay the costs of carrying out the United States Global Change Research Program;

   Inserted: (3) be available only to the extent provided in advance in an appropriations Act; and

   Inserted: (4) remain available until expended.

   Original wording

   At the end of title XII, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed