International Clean Energy Deployment and Global Energy Markets Investment Act of 2005 - Amends the Global Environmental Protection Assistance Act of 1989 to promote clean energy technology deployment in developing countries.
Directs the President to establish a Task Force on International Clean Energy Cooperation. Requires the Task Force to establish an Interagency Working Group on Clean Energy Technology Exports.
Establishes an Interagency Center in the Office of International Energy Market Development of the Department of Energy to assist the Working Group.
Requires the Task Force to develop and submit to the President (who shall submit to Congress) a Strategy to: (1) support programs and policies in developing countries that promote clean energy and energy efficiency technologies; (2) open and expand clean energy technology markets and facilitate related exports to developing countries; (3) integrate the promotion of clean energy technology deployment and greenhouse gas emissions reduction in developing countries into U.S. foreign policy objectives; (4) establish a pilot program that provides financial assistance for qualifying projects; and (5) develop financial mechanisms and instruments that are cost-effective and facilitate private capital investment in such technologies.
Authorizes the Secretary of State to provide assistance to developing countries for activities consistent with the priorities established in the Strategy.
Requires the Secretary to establish a pilot program that provides financial assistance for qualifying projects consistent with the Strategy and the performance criteria set forth in this Act. Requires host country contributions.