S. 5617, also known as the “Global Climate Resilience Act of 2024,” is designed to assist developing countries in reducing their debt to help with climate adaptation efforts. The bill expands the eligibility for debt reduction under the Tropical Forest and Coral Reef...
Simple Explanation
The Global Climate Resilience Act of 2024 helps countries that need to pay back money to other countries so they can use the money instead to fight against problems caused by climate change. It lets these countries trade their debt for promises to do good things for the planet, like protecting forests and reefs, while making sure that the help goes to those who need it the most.