WASHINGTON, Dec. 16 -- Sen. Peter Welch issued the following press release:
U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance and Agriculture Committees, and U.S. Senator Andy Kim (D-N.J.) today reintroduced the Global Climate Resilience Act, legislation that would create a new debt-for-resilience (https://www.iisd.org/publications/report/debt-relief-for-resilience) program to bolster the United States' ability to provide climate finance and debt relief to countries in the Global South. This new program would enhance the United States' ability to negotiate debt reductions with countries in the Global South that agree to undertake climate resilience initiatives. The Senators' legislation also directs the United States to use ...