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The America's Clean Future Fund Act establishes an independent Climate Change Finance Corporation (C2FC) to finance clean energy and climate resilience projects, with a goal of reducing greenhouse gas emissions by 45 percent by 2030 and 100 percent by 2050. The bill creates a carbon fee on fossil fuels to fund the C2FC and requires at least 40 percent of grant funds to benefit communities disproportionately affected by climate change and industrial pollution. The C2FC would be governed by a 7-member board and would provide loans, grants, and other financing tools for clean energy deployment, climate-resilient infrastructure, and industrial decarbonization projects.
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