; (2) the United States Government should negotiate a binding agreement to end fossil fuel subsidies with major economies including the People’s Republic of China; (3) the United States Government should build on the successes of existing engagement with the People’s Republic of China through the United States-China Clean Energy Research Center and other initiatives to launch new cooperative efforts; (4) the United States Government should engage in expanded dialogue with the People’s Republic of China to ensure that development finance institutions do not undermine global decarbonization efforts; and (5) the United States Government should work with the People’s Republic of China to develop and adopt safeguards to promote low-carbon, climate-resilient investments over high-carbon, climate risk-inducing investments, particularly in emerging and developing economies in the Indo-Pacific, Africa, and Latin America. 5. Statement of policy on application of Global Magnitsky sanctions to climate-linked corruption and human rights abuses (a) In general It is the policy of the United States to consider— (1) any act of corruption related to a covered activity (as defined in section 6(h)) to be corruption, as that term is used in Executive Order 13818 ( 50 U.S.C. 1701 note; relating to blocking the property of persons involved in serious human rights abuse or corruption); and (2) any violation of internationally recognized human rights committed against an individual described in subsection (b) to be a serious human rights abuse, as that term is used in that Executive Order 13818. (b) Individuals described An individual described in this subsection is an individual— (1) seeking to protect the environment, public health, or community land rights; (2) seeking to expose, or raise awareness of, environmental damage