Expressing the sense of the Congress with respect to United States policy on the issues before the United Nations Conference on Environment and Development, and expressing the sense of the Congress that the United States should pursue with the countries of Latin America and the Caribbean a cooperative strategy to address environmental concerns in the Western Hemisphere.

Expresses the sense of the Congress that the United States should: (1) place the highest priority on the success of the 1992 United Nations Conference on Environment and Development (UNCED), particularly through the personal participation of the President of the United States; (2) negotiate international agreements that effectively reduce the threat of climate change and biological diversity loss; (3) propose an initiative on financing Agenda 21 (the plan of action to be approved by UNCED when it meets) and other global cooperation efforts that takes into account the concerns of developing countries regarding additional costs of international environmental protection and the basic development goals of those countries and that increases accountability for the use of funds provided for environmental purposes; (4) seek to advance the development of a stronger international legal framework, and the creation of appropriate institutional mechanisms, for protecting the global environment; (5) promote public participation in environmental and development decisions at all levels; (6) pursue with the countries of Latin America and the Caribbean a cooperative strategy to address environmental concerns in the Western Hemisphere; and (7) evaluate U.S. assistance programs in Latin America and the Caribbean to determine if they address U.S. national security interests in the region by apportioning sufficient funding to environmental concerns.

Expresses the sense of the Congress that the United States should support: (1) international and national programs aimed at encouraging a global transition to environmentally sustainable energy systems; (2) new programs and institutions to help developing countries become more energy efficient and otherwise increase their capacity for acquiring and using technology to make their economies more environmentally sustainable; (3) global goals of slowing deforestation of primary forests, increasing worldwide forest cover, and preserving a specified amount of mature forests; (4) improved national forests strategies that integrate all policy issues related to the loss of forests and eliminate economic incentives for deforestation; (5) the development of a new international agreement to eliminate land-based sources of marine pollution and cooperative efforts to address these sources of pollution at the regional level; (6) a process of international consultations aimed at identifying ways that poverty can be alleviated and natural resources better conserved through reduction of developing country debt burdens; and (7) the development of a timetable for industrialized nations and the United Nations to adopt a reformed system of national accounting that would reflect full environmental and social costs.