Global Climate Resilience Act of 2026 advocates for debt reduction and climate insurance for vulnerable countries.

The Global Climate Resilience Act of 2026 aims to support developing countries affected by climate change through debt reduction and international climate insurance. The bill authorizes the President to engage in debt-for-resilience swaps, reducing debt owed to the U.S. in exchange for resilience activities. It also mandates advocacy for a parametric international climate insurance program at the World Bank, providing immediate financial assistance to eligible countries following natural disasters.

Global Climate Resilience Act of 2026 advocates for debt reduction and climate insurance for vulnerable countries.

The Global Climate Resilience Act of 2026 aims to support developing countries affected by climate change through debt reduction and international climate insurance. The bill authorizes the President to engage in debt-for-resilience swaps, reducing debt owed to the U.S. in exchange for resilience activities. It also mandates advocacy for a parametric international climate insurance program at the World Bank, providing immediate financial assistance to eligible countries following natural disasters.