The Committee consists of representatives from 40 nations, including the U.S., who are considering taxes on carbon, international aviation and shipping, international financial transactions and a wire tax for producing electricity. The UN is also pushing for removal of fossil fuel subsidies and redirecting them to its international green agenda, which would cause the U.S. to be even more dependent on foreign oil.
The purpose of the Fund is to enable the UN to implement its global blueprint for sustainable development called Agenda 21. This green agenda is the new Marxism that requires government ensured economic equity and environmental neutrality. Agenda 21 is not a treaty, but a plan of action produced by the 1992 Earth Summit in Rio de Janeiro, Brazil.